Construction spending declines in March but is 3.6% higher than a year ago

PORTLAND, OR, May 1, 2018 (RISI) -Construction spending during March 2018 was estimated at a seasonally adjusted annual rate of $1,284.7 billion, 1.7% below the revised February estimate of $1,306.4 billion. The March figure is 3.6% above the March 2017 estimate of $1,239.6 billion. During the first three months of this year, construction spending amounted to $279.0 billion, 5.5% above the $264.5 billion for the same period in 2017. 

Spending on private construction was at a seasonally adjusted annual rate of $987.5 billion, 2.1% below the revised February estimate of $1,009.1 billion. Residential construction was at a seasonally adjusted annual rate ...

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