EconoIndicators

Construction Spending At a Glance

• Total Construction Spending: $1,123.5 billion
• Monthly Change: Down 1.1%
• Year-to-year Change: Down 3.4%
• Private Residential Spending: $445.0 billion
• Monthly Change: Down 4.6%
• Private Non-residential: $382.3 billion
• Monthly Change: Down 1.9%

Technorati Tags: construction, spending

MARCH 2008 CONSTRUCTION AT $1,123.5 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during March 2008
was estimated at a seasonally adjusted annual rate of $1,123.5 billion, 1.1 percent (±1.4%)* below the revised February
estimate of $1,136.5 billion. The March figure is 3.4 percent (±1.9%) below the March 2007 estimate of $1,163.6 billion.

During the first 3 months of this year, construction spending amounted to $241.6 billion, 2.4 percent (±1.9%) below the
$247.4 billion for the same period in 2007.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $827.4 billion, 1.7 percent (±1.4%) below the
revised February estimate of $842.0 billion. Residential construction was at a seasonally adjusted annual rate of $445.0
billion in March, 4.6 percent (±1.3%) below the revised February estimate of $466.7 billion. Nonresidential construction
was at a seasonally adjusted annual rate of $382.3 billion in March, 1.9 percent (±1.4%) above the revised February
estimate of $375.3 billion.

PUBLIC CONSTRUCTION

In March, the estimated seasonally adjusted annual rate of public construction spending was $296.2 billion, 0.6 percent
(±2.2%)* above the revised February estimate of $294.5 billion. Educational construction was at a seasonally adjusted
annual rate of $84.1 billion, 0.3 percent (±2.7%)* above the revised February estimate of $83.9 billion. Highway
construction was at a seasonally adjusted annual rate of $79.7 billion, 0.8 percent (±7.0%)* above the revised February
estimate of $79.0 billion.

Construction Spending - March 2008 [PDF]

Construction Spending - March 2008

Source: Commerce Department, Census Bureau