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March Construction at $969.7 Billion Annual Rate 05-07-09 | News

March Construction at $969.7 Billion Annual Rate




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Residential construction was at a seasonally adjusted annual rate of $258.4 billion in March, 4.2 percent (????????1.3%) below the revised February estimate of $269.6 billion. - Courtesy of www.lotinvestor.com


Construction spending during March 2009 was estimated at a seasonally adjusted annual rate of $969.7 billion, 0.3 percent (????????1.3 percent) above the revised February estimate of $967.1 billion. The March figure is 11.1 percent (????????1.6 percent) below the March 2008 estimate of $1,090.5 billion.

During the first three months of this year, construction spending amounted to $209.5 billion, 10.9 percent (????????1.4 percent) below the $235.2 billion for the same period in 2008.

Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $661.0 billion, 0.1 percent (????????1.4%) below the revised February estimate of $661.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $402.6 billion in March, 2.7 percent (????????1.4%) above the revised February estimate of $392.0 billion.

Public Construction
In March, the estimated seasonally adjusted annual rate of public construction spending was $308.7 billion, 1.1 percent (????????1.9 percent) above the revised February estimate of $305.4 billion. Educational construction was at a seasonally adjusted annual rate of $89.2 billion, 1.6 percent (????????3.0 percent) above the revised February estimate of $87.8 billion. Highway construction was at a seasonally adjusted annual rate of $76.2 billion, 0.8 percent (????????7.2 percent) below the revised February estimate of $76.8 billion. ?EUR??,,????'??? Courtesy of US Census Bureau

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