Construction Spending Down in April; Highways Lower

According to the U.S. Census Bureau, construction spending during April 2024 was estimated at a seasonally adjusted annual rate of $2,099.0 billion, 0.1% (±1.0%) below the revised March estimate of $2,101.5 billion.  The April figure is 10.0% (±1.5%) above the April 2023 estimate of $1,907.8 billion. During the first four months of this year, construction spending amounted to $635.5 billion,…

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