Construction spending in the U.S. seems to be a bit of a roller coaster as of late. After rising in February, spending dropped to $856.7 billion. This is 1.7% below the revised February estimate of $871.2 billion, according to the U.S. Census Bureau.

However, March’s spending is 4.8% above the year-ago estimate of $817.8 billion. 

Spending on private construction was 0.6% below the revised February estimate of $602.0 billion, dropping to $598.4 billion in March.

Residential construction spending was at a seasonally adjusted rate of $294.4 billion in March, up 0.4% from February’s estimate of $293.8 billion. 

During the first three months of 2013, construction spending totaled $181.7 billion, 4.7% above the $173.6 billion for the same period in 2012.

“Overall, construction appears to be slowing except for the housing sector,” analysts at Econoday said.

Most Popular Articles

3 housing trends to watch for in 2020

The year 2020 is now upon us, and as we say goodbye to 2019, we welcome a new decade and all the twists and turns it will bring for the housing industry.

Dec 02, 2019 By

Latest Articles

Freddie Mac: Mortgage rates hold steady amid economic uncertainty

This week, the average U.S. fixed rate for a 30-year mortgage came in at 3.68%, according to the Freddie Mac Primary Mortgage Market Survey.

Dec 05, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please