<p>The U.S. Census Bureau of the Department of Commerce announced June 1 that construction spending during April 2010&nbsp; was estimated at a seasonally adjusted annual rate of $869.1 billion, 2.7 percent (&plusmn;1.4%) above the revised March estimate&nbsp; of $845.9 billion. The April figure is 10.5 percent (&plusmn;1.6%) below the April 2009 estimate of $971.4 billion. <br /> <br />During the first four months of this year, construction spending amounted to $249.6 billion, 13.2 percent (&plusmn;1.1%) below the $287.5 billion for the same period in 2009.&nbsp;</p>
<p><strong>Private Construction</strong><br /> <br />Spending on private construction was at a seasonally adjusted annual rate of $565.8 billion, 2.9 percent (&plusmn;1.1%) above the&nbsp; revised March estimate of $549.7 billion. Residential construction was at a seasonally adjusted annual rate of $263.0&nbsp; billion in April, 4.4 percent (&plusmn;1.3%) above the revised March estimate of $251.9 billion. Nonresidential construction was&nbsp; at a seasonally adjusted annual rate of $302.7 billion in April, 1.7 percent (&plusmn;1.1%) above the revised March estimate of <br />$297.8 billion. <br /> <br /><strong>Public Construction</strong><br /> <br />In April, the estimated seasonally adjusted annual rate of public construction spending was $303.3 billion, 2.4 percent&nbsp; (&plusmn;2.1%) above the revised March estimate of $296.2 billion. Educational construction was at a seasonally adjusted annual&nbsp; rate of $74.7 billion, 0.4 percent (&plusmn;3.2%) above the revised March estimate of $74.4 billion. Highway construction was&nbsp; at a seasonally adjusted annual rate of $84.3 billion, 3.6 percent (&plusmn;7.5%) above the revised March estimate of&nbsp;  $81.3 billion.</p>