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Construction Spending Slows in Second Month of Year

Thu, April 01, 2021 4:04 PM | Anonymous member (Administrator)

Construction spending during February 2021 was estimated at a seasonally adjusted annual rate of $1,516.9 billion, 0.8 percent below the revised January estimate of $1,529.0 billion. The February figure is 5.3 percent above the February 2020 estimate of $1,441.1 billion. During the first two months of this year, construction spending amounted to $213.2 billion, still healthy 4.9 percent above the $203.2 billion for the same period in 2020.

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