U.S. Construction Spending Falls in March
U.S. construction spending during March was estimated at a seasonally adjusted annual rate of $1.3 trillion, falling 1.7% from February but was 3.6% higher than the same period a year ago. Spending through March was up 5.5% as compared to the same period in 2017, totaling $279 billion.
Private construction spending fell 2.1% from February to a seasonally adjusted annual rate of $987.5 billion. Residential levels were 3.5% below the previous month at $536.8 billion and non-residential totals decreased 0.4% from February to $450.7 billion. See U.S. Census Bureau