So far in 2014 construction spending hasrntotaled $274.5 billion, 8.9 percent above the $252.1 billion spent during thernsame period in 2013.</p

Privately funded construction in Aprilrnwas at a seasonally adjusted rate of $686.5 billion, essentially unchanged fromrnthe March estimate of $686.8 billion (revised from $679.6rnbillion) and 11.7 percent higher than arnyear earlier.  </p

Privately funded residential construction was also flatrnin April compared to March, $378.5 billion compared to $378.3 billion, a 0.1rnpercent increase.  March’s estimaternrepresents a revision from the original number, $369.8rnbillion. Spending in April was up 17.2rnpercent from April 2013 when private residential spending was at an annual raternof $323.0 billion.  </p

Of the private residential construction put in place inrnApril, $189.6 billion was single family construction and 40.4 billion wasrnmulti-family compared to $187.1 billion and $39.3 billion in March, increasesrnof 1.3 and 2.7 percent respectively. rnSingle family construction was up 14.5 percent year-over-year andrnmultifamily increased by 31.2 percent.</p

On a non-seasonally adjusted basis, total privaternconstruction in April was $55.8 billion and residential construction $30.9rnbillion.  Year to date numbers forrnprivate and residential construction were $202.4 billion and $107.2 billion, uprn13.0 and 18.9 percent respectively from the same period in 2013.</p

Total publicly funded construction was at a seasonallyrnadjusted rate of $267.0 billion, up 1.2 percent from the previous year.  Residential construction was at a rate of $4.4rnbillion, down 29.3 percent from April 2013.

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