EconoIndicators

Construction Spending At a Glance

• Total Construction Spending: $1,120.9 billion
• Monthly Change: Down 0.4%
• Year-to-year Change: Down 3.9%
• Private Residential Spending: $435.8 billion
• Monthly Change: Down 2.3%
• Private Non-residential: $388.0 billion
• Monthly Change: Up 1.6%

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Construction Spending

April 2008

APRIL 2008 CONSTRUCTION AT $1,120.9 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during April 2008 was estimated
at a seasonally adjusted annual rate of $1,120.9 billion, 0.4 percent (±1.3%)* below the revised March estimate of $1,125.8 billion. The
April figure is 3.9 percent (±1.9%) below the April 2007 estimate of $1,166.2 billion.

During the first 4 months of this year, construction spending amounted to $331.6 billion, 2.8 percent (±1.8%) below the $341.2 billion
for the same period in 2007.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $823.8 billion, 0.5 percent (±1.1%)* below the revised
March estimate of $827.7 billion. Residential construction was at a seasonally adjusted annual rate of $435.8 billion in April, 2.3
percent (±1.3%) below the revised March estimate of $445.8 billion. Nonresidential construction was at a seasonally adjusted annual
rate of $388.0 billion in April, 1.6 percent (±1.1%) above the revised March estimate of $381.8 billion.

PUBLIC CONSTRUCTION

In April, the estimated seasonally adjusted annual rate of public construction spending was $297.1 billion, 0.3 percent (±2.1%)* below
the revised March estimate of $298.1 billion. Educational construction was at a seasonally adjusted annual rate of $84.6 billion, 0.3
percent (±2.7%)* below the revised March estimate of $84.9 billion. Highway construction was at a seasonally adjusted annual rate of
$80.1 billion, 0.1 percent (±7.7%)* above the revised March estimate of $80.1 billion.

Construction Spending - April 2008 [PDF]

Construction Spending - April 2008 [Excel]

Source: Commerce Department, Census Bureau