Modest gains in U.S. construction spending

April’s construction spending in the U.S. edged up by 0.2 percent, the U.S. Commerce Department reported, while March’s estimate was revised upward from the same figure to a stronger gain of one percent. The seasonally adjusted annual rate for April was $1.52 trillion, up 9.8 percent from April 2020. Homebuilding in April rose by one percent and now stands 29.7 percent above last April.