The Census Bureau reports $953.5 billion in construction was put in place in the U.S. in April, and $267 billion of that was spent by governments.
The survey covers construction work done each month on new structures or improvements to existing structures. Estimates include the cost of labor and materials, architectural and engineering work, overhead, interest and taxes paid during construction and contractor’s profits.
More than one third of the total construction — $375 billion — was residential. That made residential construction 55 percent of total private construction.