Construction spending during February 2007 was estimated at a seasonally adjusted annual rate of $1,170.8 billion, 0.3 percent (& plusmn; 1.4%)* above the revised January estimate of $1,167.7 billion, according to the U.S. Census Bureau of the Department of Commerce. The February figure is 2.4 percent (& plusmn; 2.2%) below the February 2006 estimate of $1,199.9 billion.
  ;
During the first 2 months of this year, construction spending amounted to $159.9 billion, 2.4 percent (& plusmn; 2.2%) below the $163.8 billion for the same period in 2006.
  ;
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $884.4 billion, 0.2 percent (& plusmn; 1.4%)* above the revised January estimate of $882.5 billion. Residential construction was at a seasonally adjusted annual rate of $562.4 billion in February, 1.0 percent (& plusmn; 1.3%)* below the revised January estimate of $567.9 billion. Nonresidential construction was at a seasonally adjusted annual rate of $322.0 billion in February, 2.3 percent (& plusmn; 1.4%) above the revised January estimate of $314.6 billion.
  ;
Public Construction
In February, the estimated seasonally adjusted annual rate of public construction spending was $286.4 billion, 0.4 percent (& plusmn; 2.1%)* above the revised January estimate of $285.2 billion. Educational construction was at a seasonally adjusted annual rate of $74.5 billion, 0.4 percent (& plusmn; 4.0%)* above the revised January estimate of $74.2 billion. Highway construction was at a seasonally adjusted annual rate of $78.8 billion, 0.4 percent (& plusmn; 5.0%)* above the revised January estimate of $78.5 billion.
Construction Spending Flat From January
Construction spending during February 2007 was estimated at a seasonally adjusted annual rate of $1,170.8 billion, 0.3 percent (& plusmn; 1.4%) ...
Share this article
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.