April construction spending rises - Pittsburgh Business Times:

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percent in April, the biggest one-month increasre since August 2008, and was led by a jump in both privates andresidential construction. A Bloomberg surveh of 45 economists had projected a median dropof 1.5 percent. The repory from the Census Bureau says spendinhg on private construction was at a seasonally adjusted annualk rateof $657.3 billion, up 1.4 percen from the revised March estimate of $648.23 billion. Residential construction rose 0.7 percenyt to a seasonally adjusted annuak rateof $249.2 Nonresidential construction rose 1.8 percent to an annual rate of $408.
2 Total public construction fell in April, although spending on highwayu projects rose nearly 1 percent from the previouz month. A separate report from the Commercee Department last week showed constructionof single-family homes rose 2.8 percengt in April, the secondr consecutive monthly increase. Gainss in single-family construction were overwhelmed by a 46 percenty drop in apartment andcondo buildings, bringingh total housing starts down 13 percent in