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Construction crane San Francisco 2017, Photo by Justin Sullivan/Getty Images Photo by Justin Sullivan/Getty Images

Value of New Construction Enjoys +3% YOY Bump in February to $1,273 Billion

Construction spending during February 2018 was estimated at a seasonally adjusted annual rate of $1,273.1 billion, +0.1% above the revised January estimate of $1,272.2 billion, according to the U.S. Commerce Dept. The February figure is +3% above the February 2017 estimate of $1,235.7 billion. During the first two months of this year, construction spending amounted to $176.3 billion, +4.4% above the $168.9 billion for the same period in 2017.

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