Construction spending during April 2023 was estimated at a seasonally adjusted annual rate of $1,908.4 billion, 1.2% above the revised March estimate of $1,885.0 billion, according to the U.S. Census Bureau. The April figure is 7.2% above the April 2022 estimate of $1,780.9 billion. During the first four months of this year, construction spending amounted to $566.7 billion, 6.1% above the $533.9 billion for the same period in 2022. Spending on private construction was at a seasonally adjusted annual rate of $1,500.7 billion, 1.3% above the revised March estimate of $1,481.6 billion. Residential construction was at a ... (full story)