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Construction Spending Softened in March

Total construction spending fell in March from February
levels and remained only slightly higher than one year earlier the Census
Bureau said today.  Overall spending was
down 0.6 percent on a month-over-month basis to a seasonally adjusted annual
rate of $966.6 billion from $972.9 billion. 
The March rate was 2.0 percent higher than the revised $947.3 billion
rate in March 2014.

On an unadjusted basis total spending in March was estimated
at $72.7 billion compared to $66.51 billion in February.  Year-to-date expenses through the end of March
were $206.71 billion an increase of 32 percent from the 200.37 billion spent during
the same period in 2014.

 

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