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Value of New Construction Edges Up +1% in February to $1,320.3 Billion

In February, the estimated annual rate of public construction spending was +3.6% above the revised January estimate.

Construction spending during Feb. 2019 was estimated at a seasonally adjusted annual rate of $1,320.3 billion, +1% above the revised January estimate of $1,307.3 billion, according to the US. Census Bureau. The February figure is +1.1% above the Feb. 2018 estimate of $1,305.5 billion. During the first two months of this year, construction spending amounted to $181.9 billion, +1.4% above the $179.4 billion for the same period in 2018.

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