From the Census Bureau reported that overall construction spending increased:
Construction spending during April 2021 was estimated at a seasonally adjusted annual rate of $1,524.2 billion, 0.2 percent above the revised March estimate of $1,521.0 billion. The April figure is 9.8 percent above the April 2020 estimate of $1,387.9 billion.
Private spending increased and public spending decreased:
Spending on private construction was at a seasonally adjusted annual rate of $1,180.7 billion, 0.4 percent above the revised March estimate of $1,175.4 billion. …
In April, the estimated seasonally adjusted annual rate of public construction spending was $343.5 billion, 0.6 percent below the revised March estimate of $345.6 billion.
This graph shows private residential and nonresidential construction spending, and public spending, since 1993. Note: nominal dollars, not inflation adjusted.
Residential spending is 7% above the bubble peak (in nominal terms – not adjusted for inflation).
Non-residential spending is 9% above the previous peak in January 2008 (nominal dollars), but has been weak recently.
Public construction spending is 6% above the previous peak in March 2009, and 31% above the austerity low in February 2014.
On a year-over-year basis, private residential construction spending is up 29.7%. Non-residential spending is down 4.8% year-over-year. Public spending is down 2.2% year-over-year.
Construction was considered an essential service in most areas and did not decline sharply like many other sectors, but it seems likely that non-residential will be under pressure. For example, lodging is down 21.8% YoY, multi-retail down 28.4% YoY, and office down 1.6% YoY.