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U.S. Construction runs flat in April

Industry continues to trend well below 2010 YTD rates.

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The U.S. Census Bureau of the Department of Commerce announced today that construction spending during April 2011 was estimated at a seasonally adjusted annual rate of $765.0 billion, 0.4 percent (±1.6%)* above the revised March estimate of $762.1 billion. The April figure is 9.3 percent (±1.6%) below the April 2010 estimate of $843.1 billion.

During the first 4 months of this year, construction spending amounted to $222.7 billion, 8.4 percent (±1.4%) below the $243.0 billion for the same period in 2010.

PRIVATE CONSTRUCTION
Spending on private construction was at a seasonally adjusted annual rate of $483.0 billion, 1.7 percent (±1.4%) above the revised March estimate of $474.7 billion.

Residential construction was at a seasonally adjusted annual rate of $232.1 billion in April, 3.1 percent (±1.3%) above the revised March estimate of $225.1 billion.

Nonresidential construction was at a seasonally adjusted annual rate of $250.8 billion in April, 0.5 percent (±1.4%)* above the revised March estimate of $249.6 billion.

PUBLIC CONSTRUCTION
In April, the estimated seasonally adjusted annual rate of public construction spending was $282.0 billion, 1.9 percent (±2.2%)* below the revised March estimate of $287.4 billion.

Educational construction was at a seasonally adjusted annual rate of $67.3 billion, 2.7 percent (±3.4%)* below the revised March estimate of $69.2 billion.

Highway construction was at a seasonally adjusted annual rate of $77.5 billion, 1.6 percent (±7.8%)* below the revised March estimate of $78.7 billion.