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U.S. Construction Spending Rose in April

hamilton-zanze June 06, 2013

U.S. construction spending increased 0.4% in April from March and 4.3% year-over-year even as residential building declined overall. Spending rose to $860.8 billion from $825.1 billion in April 2012. Construction activity has been inconsistent in recent months, falling 4% in January, increasing in February, and decreasing again in March.

In April, private residential construction was down slightly by 0.1% due to a drop in renovations. Spending on new single-family homes and apartments increased.