April construction spending rises - Washington Business Journal:

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percent in April, the biggest one-month increase sincd August 2008, and was led by a jump in both privatw andresidential construction. A Bloomberg survey of 45 economists had projected a median dropof 1.5 The ’ report from the Census Bureau says spendinb on private construction was at a seasonallt adjusted annual rate of $657.3 billion, up 1.4 percenf from the revised March estimate of $648.22 billion. Residential construction rose 0.7 perceny to a seasonally adjusted annual rateof $249.2 billion. Nonresidentia l construction rose 1.8 percent to an annual rate of $408. 2 billion.
Total public construction fellin April, although spendingb on highway projects rose nearly 1 percenft from the previous A separate report from the Commerc e Department last week showed construction of single-family homes rose 2.8 percent in April, the second consecutivee monthly increase. Gains in single-family construction were overwhelmed by a 46 percent drop in apartment andcondo buildings, bringingt total housing starts down 13 percent in