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Value of New Construction March 2018

Value of New Construction Drops -1.7% in March to $1,284.7 Billion, Up +5.5% YOY

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 billion, +5.5% above the $264.5 billion for the same period in 2017.

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