Highlights from US Construction Spending, April 2024
The following statistics were released from the Economics and Statistics Division on June 3, 2024. Full details from this dataset can be accessed here.
Month over month
(April 2024 vs March 2024), seasonally adjusted annual rate)
US construction spending decreased 0.1% to $2,099.0 billion.
- Total residential construction increased 0.1% to $902.3 billion.
- Total non-residential construction spending decreased 0.3% to $1,196.7 billion.
- Private sector construction decreased 0.1% to $1,611.9 billion.
- Public sector construction decreased 0.2% to $487.1 billion.
Year-to-date
(January-April 2024 vs January-April 2023)
US construction spending increased 10.7%.
- Total residential construction increased 5.6%.
- Total non-residential construction spending increased 14.9%.
- Public sector construction increased 18.9%.
- Private sector construction increased 8.5%.