The U.S. Census Bureau announced the following value put in place construction statistics for April 2023: Total Construction – Construction spending during April 2023 was estimated at a seasonally adjusted annual rate of $1,908.4 billion, 1.2 percent (±0.7 percent) above the revised March estimate of $1,885.0 billion. The April figure is 7.2 percent (±1.2 percent) above the April 2022 estimate of $1,780.9 billion. During the first four months of this year, construction spending amounted to $566.7 billion, 6.1 percent (±1.0 percent) above the $533.9 billion for the same period in 2022. Private Construction – Spending on private construction was at a seasonally adjusted annual rate of $1,500.7 billion, 1.3 percent (±0.3 percent) above the revised March estimate of $1,481.6 billion. Residential construction was at a seasonally adjusted annual rate of $845.4 billion in April, 0.5 percent (±1.3 percent)* above the revised March estimate of $841.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $655.3 billion in April, 2.4 percent (±0.3 percent) above the revised March estimate of $640.0 billion. Public Construction – In April, the estimated seasonally adjusted annual rate of public construction spending was $407.7 billion, 1.1 percent (±1.2 percent)* above the revised March estimate of $403.4 billion. Educational construction was at a seasonally adjusted annual rate of $88.3 billion, 0.1 percent (±1.8 percent)* below the revised March estimate of $88.4 billion. Highway construction was at a seasonally adjusted annual rate of $124.7 billion, 1.3 percent (±3.5 percent)* above the revised March estimate of $123.1 billion.
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
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