Value of New Construction Shows Little Change in March But Increases +3.6% YOY

Construction spending during March 2017 was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.2% below the revised February estimate of $1,220.7 billion. The March figure is 3.6% above the March 2016 estimate of $1,176.4 billion. During the first three months of this year, construction spending amounted to $259.5 billion, 4.9% above the $247.5 billion for the same period in 2016.

Private construction. Spending on private construction was at

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