The U.S. Census Bureau of the Department of Commerce announced today that construction spending during April 2015 was estimated at a seasonally adjusted annual rate of $1,006.1 billion, 2.2% (±1.5%) above the revised March estimate of $984.0 billion.

The April figure is 4.8% (±2.0%) above the April 2014 estimate of $960.3 billion.

During the first 4 months of this year, construction spending amounted to $288.7 billion, 4.1% (±1.5%) above the $277.3 billion for the same period in 2014.

Spending on private construction was at a seasonally adjusted annual rate of $725.2 billion, 1.8% (±1.2%) above the revised March estimate of $712.1 billion. Residential construction was at a seasonally adjusted annual rate of $353.1 billion in April, 0.6% (±1.3%) above the revised March estimate of $351.1 billion.

Nonresidential construction was at a seasonally adjusted annual rate of $372.1 billion in April, 3.1% (±1.2%) above the revised March estimate of $361.0 billion.

In April, the estimated seasonally adjusted annual rate of public construction spending was $280.9 billion, 3.3% (±2.8%) above the revised March estimate of $271.9 billion. Educational construction was at a seasonally adjusted annual rate of $63.3 billion, 3.6% (±4.3%) above the revised March estimate of $61.2 billion. Highway construction was at a seasonally adjusted annual rate of $87.1 billion, 8.5% (±9.0%) above the revised March estimate of $80.3 billion.