The U.S. Census Bureau of the Department of Commerce announced that construction spending during April 2010 was estimated at a seasonally adjusted annual rate of $869.1 billion, 2.7 percent above the revised March estimate of $845.9 billion. The April figure is 10.5 percent below the April 2009 estimate of $971.4 billion. During the first four months of this year, construction spending amounted to $249.6 billion, 13.2 percent below the $287.5 billion for the same period in 2009.

Spending on private construction was at a seasonally adjusted annual rate of $565.8 billion, 2.9 percent above the revised March estimate of $549.7 billion. Residential construction was at a seasonally adjusted annual rate of $263.0 billion in April, 4.4 percent above the revised March estimate of $251.9 billion. Nonresidential construction was at a seasonally adjusted annual rate of $302.7 billion in April, 1.7 percent above the revised March estimate of $297.8 billion.

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