Core Report | June 2, 2023

Total construction spending continued to push higher in April, now up for the third consecutive month. Total spending came in at a $1.908 trillion rate, up 1.2% from March and up 7.2% from a $1.781 trillion rate in April 2022. Spending on both non-residential and residential projects increased in April, climbing 1.9% and 0.4%, respectively.