April construction spending rises - Pacific Business News (Honolulu):

kdrummondbs37.blogspot.com
percent in April, the biggest one-month increase since August 2008, and was led by a jump in both private andresidential construction. A Bloomberg survey of 45 economistss had projected a median dropof 1.5 percent. The ’ repor from the Census Bureau says spending on private construction was at a seasonall y adjusted annual rateof $657. 3 billion, up 1.4 percent from the revisedf March estimateof $648.2 Residential construction rose 0.7 percent to a seasonally adjustee annual rate of $249.32 billion. Nonresidential construction rose 1.8 percent to an annual rate of $408.w billion.
Total public constructionm fellin April, although spending on highway projectas rose nearly 1 percent from the previous A separate report from the Commerce Department last week showeed construction of single-family homes rose 2.8 percent in April, the second consecutive monthly increase. Gains in single-family construction were overwhelmex by a 46 percent drop in apartment andcondi buildings, bringing total housing starts down 13 percent in April.