The U.S. government is reporting that total construction spending in April, 2022 was at a seasonally adjusted annual rate of $1,744.8 billion, which is 0.2% lower than March’s revised estimate and 12.3% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $891.5 billion in April, which is 0.9% higher March’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
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