Construction Spending Rises 0.2% in April
Construction spending rose 0.2% in April, the Commerce Department reported June 2.
The increase brought spending to a $953.5 billion annual rate, the highest since March 2009, after a 0.6% rise the prior month.
Spending on private residential home improvement construction declined 2.2% in March to an annual pace of $148.6 billion.
Private residential-construction spending increased 0.1%, and public construction spending rose 0.8%.
Government construction was 28% of the total in April, with Federal construction rising 1.9% and state and local government construction increasing 0.7%.
Construction spending can boost demand for trucking services because it increases the number of shipments of goods and building materials.
