Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 06 20130607em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 06 20130607em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 06 20130607em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 06 20130607em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 06 20130607em Value

Value of New Construction Data Shows Minimal Increase in April to $860.8 Billion

June 7, 2013
Construction spending during April 2013 was estimated at a seasonally adjusted annual rate of $860.8 billion, 0.4% above the revised March estimate of $857.7 billion.

The U.S. Census Bureau of the Department of Commerce announced that construction spending during April 2013 was estimated at a seasonally adjusted annual rate of $860.8 billion, 0.4% above the revised March estimate of $857.7 billion. The April figure is 4.3% above the April 2012 estimate of $825.1 billion. During the first four months of this year, construction spending amounted to $250.7 billion, 4.5% above the $239.8 billion for the same period in 2012.

Private construction. Spending on private construction was at a seasonally adjusted annual rate of $602 billion, 1% above the revised March estimate of $595.9 billion. Residential construction was at a seasonally adjusted annual rate of $301.9 billion in April, 0.1% below the revised March estimate of $302.2 billion, but 18.8% above the April 2012 rate. Nonresidential construction was at a seasonally adjusted annual rate of $300.1 billion in April, 2.2% above the revised March estimate of $293.7 billion. Private power construction showed the biggest percent increase in April, jumping 10.8% to $83.1 billion.

Public construction. In April, the estimated seasonally adjusted annual rate of public construction spending was $258.8 billion, 1.2% below the revised March estimate of $261.8 billion. Educational construction was at a seasonally adjusted annual rate of $58.7 billion, 4.4% below the revised March estimate of $61.4 billion. Public commercial construction enjoyed a 8.2% increase in April to $2.8 billion, but that’s down 12.9% from April 2012. Public power projects suffered the biggest decline, dropping 13.3% to $9.5 billion, a figure that’s still up 10.8% from April 2012.