WASHINGTON — Construction spending climbed 0.3% to a seasonally adjusted estimated annual rate of $820.7 billion in April, the Commerce Department reported Friday.

The April rate rose from the revised March $818.1 billion, originally reported as $08.1 billion. The April figure was 6.8% above the April 2011 reading of $768.2 billion, and was the largest since it was $824.8 billion in December 2011.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.