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Value of New Construction Shows a Slight Dip in March to $1,282.2 Billion

Construction spending during March 2019 was -0.9% below the revised February estimate

Construction spending during March 2019 was estimated at a seasonally adjusted annual rate of $1,282.2 billion, -0.9% below the revised February estimate of $1,293.3 billion, according to the U.S. Census Bureau. The March figure is -0.8% below the March 2018 estimate of $1,293.1 billion. During the first three months of this year, construction spending amounted to $277.7 billion, -0.2% below the $278.3 billion for the same period in 2018.

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