- Construction spending rose +0.8% to an annual rate of $986.7 billion in April followed a 0.4% increase in March.
- YoY construction spending is still down –10.7% compared April 2008.
- Spending for Q1 2009 is down –11.4% compared to Q2 2008.
- A notable increase in spending on private construction spending contributed to the unexpected monthly increase in April, with spending on private construction rising +1.4% to an annual rate of $657.3 billion.
- Spending on residential construction increase by +0.7%,
- Spending on non-residential construction rose +1.8%
- Public construction fell 0.6% in April to an annual rate of $311.4 billion.
- Educational construction dropped by 0.6% in April.
- Highway construction rose +0.9%
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