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Home » Construction Spending Hits All-Time High in February
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Construction Spending Hits All-Time High in February

But materials costs continue to rise

April 10, 2006
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Construction spending in February 2006 was estimated at a seasonally adjusted annual rate of $1,185.4 billion, 0.8 percent above the revised January estimate of $1,176.0 billion. The February figure is 7.4 percent above the February 2005 estimate of $1,103.6 billion.


February spending was a record.


During the first two months of the year, construction spending amounted to $161.5 billion, 8.5 percent above the $149 billion for the same period in 2005.


For the first time since 2001, private nonresidential construction led spending in the first two months of the year with a 9.6 percent increase from last year. Private residential construction was 7.1 percent higher, and public construction increased 6 percent.


On a two-month basis, shopping ...

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