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First Cut: Total construction spending flat in April, decline in residential offset by increase in nonresidential

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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