APRIL 2016 CONSTRUCTION AT $1,133.9 BILLION ANNUAL RATE: 4.5 percent (±1.6%) above the April 2015 estimate of $1,085.0 billion

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during April 2016 was estimated at a seasonally adjusted annual rate of $1,133.9 billion, 1.8 percent (±1.3%) below the revised March estimate of $1,155.1 billion. The April figure is 4.5 percent (±1.6%) above the April 2015 estimate of $1,085.0 billion.

During the first 4 months of this year, construction spending amounted to $334.8 billion, 8.7 percent (±1.5%) above the $307.9 billion for the same period in 2015.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $843.1 billion, 1.5 percent (±0.8%) below the revised March estimate of $855.9 billion. Residential construction was at a seasonally adjusted annual rate of $439.7 billion in April, 1.5 percent (±1.3%) below the revised March estimate of $446.3 billion. Nonresidential construction was at a seasonally adjusted annual rate of $403.5 billion in April, 1.5 percent (±0.8%) below the revised March estimate of $409.6 billion.

PUBLIC CONSTRUCTION

In April, the estimated seasonally adjusted annual rate of public construction spending was $290.8 billion, 2.8 percent (±2.5%) below the revised March estimate of $299.2 billion. Educational construction was at a seasonally adjusted annual rate of $70.0 billion, 2.5 percent (±3.9%)* below the revised March estimate of $71.8 billion. Highway construction was at a seasonally adjusted annual rate of $89.4 billion, 6.6 percent (±7.2%)* below the revised March estimate of $95.7 billion.

May 2016 data will be released on July 1, 2016 at 10:00 A.M. EDT.

For more detailed data and methodologies, go to our website:

http://www.census.gov/constructionspending

Value of Construction Put in Place at a Glance: April 2016:

	Seasonally Adjusted Annual Rate				Not Seasonally Adjusted
	(millions of dollars)				(millions of dollars)
Total	1,133,932	XLS (11k)	PDF (31k)		91,567	XLS (11k)	PDF (31k)
Private	843,145	XLS (15k)	PDF (36k)		69,520	XLS (15k)	PDF (36k)
Residential	439,692	XLS (8k)	PDF (16k)		36,739	XLS (8k)	PDF (16k)
Nonresidential	403,453	XLS (8k)	PDF (18k)		32,781	XLS (8k)	PDF (18k)
Public	290,787	XLS (11k)	PDF (24k)		22,047	XLS (11k)	PDF (24k)
State and Local	268,744	XLS (11k)	PDF (31k)		20,318	XLS (11k)	PDF (31k)
Federal	22,043	XLS (8k)	PDF (18k)		1,729	XLS (8k)	PDF (18k)

Source: US Census