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Construction Spending Slides in March

Fri, May 03, 2024 3:08 PM | Anonymous

Construction spending during March 2024 was estimated at a seasonally adjusted annual rate of $2,083.9 billion, 0.2 percent below the downward revised February estimate of $2,087.8 billion. The March figure is 9.6 percent above the March 2023 estimate of $1,901.4 billion. The brunt of the slowing occurred on the private sector side of the market (down $8.0 from the lower revised February level). During the first three months of this year, construction spending amounted to $461.0 billion, 10.6 percent above the $416.7 billion for the same period in 2023.  READ MORE....


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