The U.S. Census Bureau of the Department of Commerce announced today that construction spending during April 2013 was estimated at a seasonally adjusted annual rate of $860.8 billion, 0.4 percent above the revised March estimate of $857.7 billion. The April figure is 4.3 percent 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 percent 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 $602.0 billion, 1.0 percent 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 percent below the revised March estimate of $302.2 billion. Nonresidential construction was at a seasonally adjusted annual rate of $300.1 billion in April, 2.2 percent above the revised March estimate of $293.7 billion.
Public construction
In April, the estimated seasonally adjusted annual rate of public construction spending was $258.8 billion, 1.2 percent below the revised March estimate of $261.8 billion. Educational construction was at a seasonally adjusted annual rate of $58.7 billion, 4.4 percent below the revised March estimate of $61.4 billion. Highway construction was at a seasonally adjusted annual rate of $76.7 billion, 0.5 percent above the revised March estimate of $76.2 billion.
Here's a sector breakdown by seasonally adjusted annual rate (CLICK TABLE TO ENLARGE):
Related Stories
| May 24, 2018
Accelerate Live! talk: Security and the built environment: Insights from an embassy designer
In this 15-minute talk at BD+C’s Accelerate Live! conference (May 10, 2018, Chicago), embassy designer Tom Jacobs explores ways that provide the needed protection while keeping intact the representational and inspirational qualities of a design.
Retail Centers | Apr 19, 2018
Miami International Airport is home to the first Johnnie Walker store in the U.S.
The store will be a permanent fixture in the airport’s North Terminal.
Airports | Feb 21, 2018
Terminal Modernization: Why Bother? Part II
This is the second post in our series examining why airport operators should bother to upgrade their facilities, even if capacity isn’t forcing the issue.
Airports | Feb 7, 2018
LaGuardia Airport receives eight private work booths in Terminal B
The hub sees over 15 million travelers annually.
Libraries | Jan 29, 2018
Commercial plane that skidded off the runway may become Turkey’s newest public library
The plane was removed from its cliffside perch five days after the incident.
Giants 400 | Oct 5, 2017
On wings of gold: Alternative financing schemes are propelling the high-flyin’ air terminals sector
The $4 billion renovation of New York City’s LaGuardia Airport is the first major U.S. aviation project delivered using a public-private partnership (P3) model.
Giants 400 | Oct 3, 2017
Top 30 airport engineering firms
AECOM, Burns & McDonnell, and Arup top BD+C’s ranking of the nation’s largest airport sector engineering and EA firms, as reported in the 2017 Giants 300 Report.
Airports | Sep 11, 2017
Terminal modernization: Why bother? Part I
A terminal modernization program can be a complicated and expensive task that airport operators may be hesitant to undertake unless necessitated by demands for increased capacity. This is the first post in our series examining why airport operators should bother to upgrade their facilities, even if capacity isn’t forcing the issue.
Hotel Facilities | Jul 5, 2017
It only took 26 days to complete construction on the Crowne Plaza Changi Airport hotel extension
PPVC techniques allowed the project to save time and manpower.
Airports | Jun 26, 2017
Newark Liberty International Airport breaks ground on $2.4 billion redevelopment project
The project includes a new 1 million-sf terminal building with 33 domestic aircraft gates.
