April construction spending rises - Pacific Business News (Honolulu):

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percent in April, the biggest one-month increasse since August 2008, and was led by a jump in both private andresidential construction. A Bloomberg survey of 45 economistxs had projected a median dropof 1.5 The ’ report from the Censu Bureau says spending on private construction was at a seasonally adjusted annual rate of $657.3 billion, up 1.4 percenty from the revised March estimate of $648.2q billion. Residential construction rose 0.7 percent to a seasonally adjuster annual rateof $249.12 billion. Nonresidential construction rose 1.8 percent to an annual rate of $408.2 billion.
Total public construction fell in although spending on highway projects rose nearly 1 percenft from theprevious month. A separate report from the Commerc Department last week showe d constructionof single-family homes rose 2.8 percentt in April, the second consecutive monthly increase. Gaine in single-family construction were overwhelmed by a 46 percent drop in apartmentr andcondo buildings, bringing total housing starts down 13 percentg in April.