Construction spending falls 1.8% in April

Updated Jun 2, 2016

econstructionMonthly declines in both residential and nonresidential construction led to a 1.8-percent decrease in U.S. construction spending during April.

Spending is at a seasonally adjusted annual rate of $1.134 trillion and remains up 4.5 percent from the April 2015 rate, according to preliminary data from the Commerce Department.

Total residential spending fell 1.5 percent to $445 billion of which private projects account for $440 billion.

Total private residential spending fell 1.5 percent in April with single-family spending flat at $237 billion but remaining up 13 percent year over year. However, private multi-family spending fell 3.1 percent in April to $60 billion.

Total nonresidential spending also fell, down 2.1 percent to $688 billion. Nonresidential remains up 2.5 percent year over. Top percentage declines in nonresidential were communication, down 7.7 percent to $16 billion; highway and street, down 6.5 percent to $90 billion and commercial, down 3.7 percent to $72 billion.

Top nonresidential percentage gains were religious, up 9.6 percent to $3.6 billion; public safety, up 5.2 percent to $8.4 billion and  office, up 1.6 percent to $65 billion.

Total spending from the private sector was down 1.5 percent to $843 billion while government spending fell 2.8 percent to $291 billion.