Construction spending inched ahead 0.2% in April to a seasonally adjusted annual rate of $954 billion, according to a Commerce Department report (link opens as PDF) released today. 

While today's report fell well below analyst expectations of 0.7% month-to-month growth, March's number was revised upward from 0.2% to 0.6%. 

Construction

Source: Commerce Department 

Private construction barely budged for April, maintaining the same seasonally adjusted annual rate of $687 billion. Residential construction edged up 0.1% to $379 billion, while nonresidential construction took a 0.1% dip to $308 billion.

Public construction carried April's marginal improvement, increasing 0.8% to a rate of $267 billion. Educational construction jumped 3% to $62.6 billion, while highway spending fell 1.1% to $81.3 billion.

So far for 2014, overall construction spending is up 8.9% compared to the same period in 2013.

While this latest report fell short of expectations, the housing market is still making progress, according to other reports. New-home sales jumped 6.4% for April as existing-home sales tacked on a respectable 1.3%.

Construction spending is a push-and-pull with consumer demand, and homebuilders are still hesitant to boost supplies. In the report released today, spending on single-family home construction was up 1.3%, while spending on apartment construction rose 2.7%.

-- Material from The Associated Press was used in this report.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.