top of page
CIRT_logo_Geometos-03.png

March Construction Spending Measures Moderate

The U.S. Census Bureau announced the following value “put in place” construction statistics for March 2023: Total Construction spending was estimated at a seasonally adjusted annual rate of $1,834.7 billion, 0.3 percent above an unusual downward revised February estimate of $1,829.6 billion. The March figure is 3.8 percent above the March 2022 estimate of $1,768.2 billion. During the first three months of this year, construction spending amounted to $403.3 billion, 4.3 percent (less than the general inflation rate), but still above the $386.7 billion for the same period in 2022.


Private Construction

Spending on private construction was at a seasonally adjusted annual rate of $1,435.1 billion, 0.3 percent above the revised February estimate of $1,430.8 billion. Residential construction was at a seasonally adjusted annual rate of $827.7 billion in March, 0.2 percent below the revised February estimate of $829.1 billion. Nonresidential construction was at a seasonally adjusted annual rate of $607.4 billion in March, 1.0 percent above the revised February estimate of $601.6 billion.


Public Construction

In March, the estimated seasonally adjusted annual rate of public construction spending was $399.6 billion, 0.2 percent above the revised February estimate of $398.8 billion. Educational construction was at a seasonally adjusted annual rate of $86.9 billion, 0.7 percent above the revised February estimate of $86.3 billion. Highway construction was at a seasonally adjusted annual rate of $121.7 billion, 0.1 percent below the revised February estimate of $121.8 billion.



コメント


コメント機能がオフになっています。
bottom of page