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The U.S. government is reporting that total construction spending in April, 2025 was at a seasonally adjusted annual rate of $2,152.4 billion, down 0.4% from March’s revised number. In addition, April’s estimate is .5% lower than one year ago. Residential construction came in at a seasonally adjusted annual rate of $892.8 billion in April, which is 0.9% lower than March’s revised estimate.