The value of construction put in place was flat in in April from the scant increase of 0.1% in March. Spending on residential construction declined 0.5% in April from March, and was down for a fourth month in a row. Spending on nonresidential construction was up 0.3% month-over-month, still increasing although steadily declining since January.
Spending on private residential construction was down 0.6% in April. While spending on single-family units was unchanged and multi-family was up 2.3%, the remainder devoted to home improvement was down 2.5%.
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