March Construction at $847.3 Billion Annual Rate

During the first 3 months of this year, construction spending amounted to $179.9 billion, 14 percent (plus or minus 1.3%) below the $209.2 billion for the same period in 2009.

Construction spending during March 2010 was estimated at a seasonally adjusted annual rate of $847.3 billion, 0.2 percent (plus or minus 1.3 percent)* above the revised February estimate of $845.5 billion. The March figure is 12.3 percent (plus or minus 1.4 percent) below the March 2009 estimate of $966.7 billion. The construction industry still has a long way to recover to its levels of just a few years ago.

- Courtesy of US Census Bureau