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.
