The U.S. Census Bureau announced the following value put in place construction statistics for April 2017:
Total ConstructionConstruction spending during April 2017 was estimated at a seasonally adjusted annual rate of $1,218.5 billion, 1.4 percent (±1.0 percent) below the revised March estimate of $1,235.5 billion. The April figure is 6.7 percent (±1.5 percent) above the April 2016 estimate of $1,142.5 billion. During the first 4 months of this year, construction spending amounted to $359.5 billion, 5.8 percent (±1.3 percent) above the $339.7 billion for the same period in 2016.
Private ConstructionSpending on private construction was at a seasonally adjusted annual rate of $943.3 billion, 0.7 percent (± 0.8 percent)* below the revised March estimate of $949.7 billion. Residential construction was