By Jann Swanson
Posted To: MND NewsWire
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. Total construction spending in the private sector was at a seasonally adjusted annual rate of $702.39 billion, down 0.3 percent from February’s $704…(read more)
Via:: Construction Spending Softened in March
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