U.S. Construction Spending Increases in March
U.S. construction spending in March was estimated at a seasonally adjusted annual rate of $1.36 trillion, increasing 0.9% from February and rising 4.7% higher than the year-ago period. Year-to-date spending was 6.7% higher than 2019 at $297 billion.
Private construction spending rose 0.7% from February to a seasonally adjusted annual rate of $1.01 trillion. Residential totals for March were up 2.3% from the previous month to $550.3 billion, and non-residential totals fell 1.3% from February to $462.3 billion. See U.S. Census Bureau