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

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percent in April, the biggest one-month increase sincr August 2008, and was led by a jump in both private andresidential construction. A Bloomberg survey of 45 economists had projected a medianj dropof 1.5 percent. The ’ report from the Censua Bureau says spending on privats construction was at a seasonally adjusted annual rateof $657.32 billion, up 1.4 percent from the revisedr March estimate of $648.23 billion. Residential construction rose 0.7 percenty to a seasonally adjusted annual rateof $249.2 billion. Nonresidential construction rose 1.8 percent to an annuall rate of $408.
2 Total public construction fellin April, althougu spending on highway projectss rose nearly 1 percent from the previous month. A separatwe report from the Commerce Department last week showex constructionof single-family homes rose 2.8 perceng in April, the second consecutive monthlg increase. Gains in single-familhy construction were overwhelmed by a 46 percent drop in apartmenr andcondo buildings, bringing total housingt starts down 13 percent in April.