The 2020 Mid-Year Economic Update_long

March Construction Spending Up 2% Year-Over-Year

Construction spending was down 0.6 percent from February.

March 2015 construction spending was estimated at a seasonally adjusted annual rate of $966.6 billion, 0.6 percent below the revised February estimate of $972.9 billion, according to the U.S. Census Bureau of the Department of Commerce. The March figure is 2 percent above the March 2014 estimate of $947.3 billion.

During the first three months of the year, construction spending amounted to $206.7 billion, 3.2 percent above the $200.4 billion for the same period in 2014.

Spending on private construction was at a seasonally adjusted annual rate of $702.4 billion, 0.3 percent below the revised February estimate of $704.7 billion. Residential construction was at a seasonally adjusted annual rate of $349 billion in March, 1.6 percent below the revised February estimate of $354.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $353.4 billion in March, 1 percent above the revised February estimate of $350.1 billion.

In March, the estimated seasonally adjusted annual rate of public construction spending was $264.2 billion, 1.5 percent below the revised February estimate of $268.2 billion. Educational construction was at a seasonally adjusted annual rate of $58.4 billion, 2.2 percent below the revised February estimate of $59.7 billion. Highway construction was at a seasonally adjusted annual rate of $78 billion, 2.4 percent below the revised February estimate of $79.9 billion.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.