April Construction Spending Rises 0.2%

Construction spending rose 0.2% in April, the Commerce Department said, 8.6% above the April 2013 level.

Processing Content

In March, construction spending grew a revised 0.6%, first reported as a 0.2% increase.

Spending on private construction was flat in the month, while public construction soared 0.8%.

Residential construction grew 0.1% and single-family housing gained 1.3% in the month.

Multi-family housing increased 2.7%.

Economists polled by Thomson Reuters predicted a 0.6% rise in construction spending.


For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER
Load More