Multi-family Spending only Bright Spot in Construction News

Overall construction spending in the U.S. was essentially
unchanged from January to February and there was only slight movement in both
public and private sector spending.  There was, however, a considerable increase in
spending on private multi-family residential construction.  

The U.S. Census Bureau said today that construction put in
place in February was at a seasonally adjusted annual rate of $967.2 billion,
down 0.1 percent from January’s estimate of 967.9 billion.  The February 2015 number was 2.1 percent
higher than the annual rate of $947.1 billion estimated for a year earlier.


…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Comments are closed.