The 2020 Mid-Year Economic Update_long

February Construction Spending Up 3% Year-Over-Year

Construction spending up 0.8 percent over revised January estimate.

Construction spending during February 2017 was estimated at a seasonally adjusted annual rate of $1,192.8 billion, 0.8 percent above the revised January estimate of $1,183.8 billion. The February figure is 3.0 percent above the February2016 estimate of $1,157.7 billion. During the first 2 months of this year, construction spending amounted to $163.3 billion, 3.0 percent) above the $158.5 billion for the same period in 2016.

Construction spending during February 2017 was estimated at a seasonally adjusted annual rate of $1,192.8 billion, 0.8 percent above the revised January estimate of $1,183.8 billion. The February figure is 3.0 percent above the February 2016 estimate of $1,157.7 billion. During the first 2 months of this year, construction spending amounted to $163.3 billion, 3.0 percent above the $158.5 billion for the same period in 2016.

In February, the estimated seasonally adjusted annual rate of public construction spending was $275.5 billion, 0.6 percent above the revised January estimate of $273.9 billion. Educational construction was at a seasonally adjusted annual rate of $71.7 billion, 0.5 percent above the revised January estimate of $71.3 billion. Highway construction was at a seasonally adjusted annual rate of $88.9 billion, 1.3 percent above the revised January estimate of $87.7 billion.

Spending on private construction was at a seasonally adjusted annual rate of $917.3 billion, 0.8 percent above the revised January estimate of $910.0 billion. Residential construction was at a seasonally adjusted annual rate of $ 484.7 billion in February, 1.8 percent above the revised January estimate of $476.1 billion. Nonresidential construction was at a seasonally adjusted annual rate of $432.7 billion in February, 0.3 percent below the revised January estimate of $433.8 billion

 

 

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