April Construction Spending

Updated: 01-Jun-26 10:47 ET

Highlights

• Construction spending increased 0.4% month-over-month in April ( consensus 0.3%) after increasing a revised 0.2% (from 0.6%) in March.
• On a year-over-year basis, construction spending was up 0.9%.

Key Factors

• Total private construction was up 0.4% month-over-month in April, while total public construction also increased 0.4%.
• Total residential spending was up 0.8% month-over-month in April, while nonresidential spending was up 0.1%.
• In private construction, residential spending increased 0.8%, with new single-family construction rising 1.4% and new multifamily construction falling 0.3%. Nonresidential spending decreased 0.2%, led by a 1.2% decrease in manufacturing spending and a 0.7% decrease in commercial spending.
• In public construction, nonresidential spending was up 0.4% month-over-month, with conservation and development spending up 5.0% and commercial spending up 2.8%.

Big Picture

• The key takeaway from the report is that it included a sharp downward revision to growth rate from March (0.2%), resulting in a weak report overall. New single-family construction spending increased a solid 1.4% in April but was still down 2.9% year-over-year.