Construction spending posts modest 0.2% gain in April

U.S. construction spending posted a modest 0.2% gain in April as strength in housing offset further weakness in nonresidential construction

Tuesday 01 June 2021 15:10 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

U.S. construction spending rose a modest 0.2% gain in April as strength in housing offset further weakness in nonresidential construction.

The April increase is 9.8% above the construction level in April 2020. Through the first four months of this year, construction activity is 5.8% higher than the same period in 2020.

Home building, a standout performer over the past year, rose 1% in April while nonresidential construction fell 0.5%. Spending on government building projects fell 0.6% in April.

Stay up to date with notifications from The Independent

Thank you for registering

Construction spending posts modest 0.2% gain in April

U.S. construction spending posted a modest 0.2% gain in April as strength in housing offset further weakness in nonresidential construction

Thank you for registering