The U.S. Census Bureau is reporting that total construction spending in March was estimated at a seasonally adjusted annual rate of $1,284.7 billion, which is 1.7% lower than February’s revised number. However, March’s figure is 3.6% higher than March 2017. During the first three months of this year, construction spending amounted to $279.0 billion, 5.5% higher than the same period in 2017. In addition, private residential construction was at a seasonally adjusted annual rate of $536.8 billion and Nonresidential construction was at a seasonally adjusted annual rate of $450.7 billion, in March. Total public construction’s seasonally adjusted annual rate was $297.2 billion.
Trending
- Gmail Dominates U.S. Market for Email
- Local Market Monitor’s National Economic Outlook for April ’25
- Title Company Sues Treasury Department Over FinCen Surveillance Rule
- NAR’s Remodeling Impact Report – 2025
- Landlords: What To Do When ICE arrives
- Zillow’s Top 5 Metros to Buy and Sell a Home this Spring
- Property Tax Revenue Reaches New High in 2024
- Foreclosure Starts Up 11%