Public and Private Construction Have Mixed Results

Highway construction was at a seasonally adjusted annual rate of $78.1 billion, 1.5 percent (plus or minus 7.4 percent)* above the revised February estimate of $77 billion.

Spending on private construction was at a seasonally adjusted annual rate of $550.8 billion, 0.9 percent (plus or minus 1.4 percent)* below the revised February estimate of $555.7 billion. Residential construction was at a seasonally adjusted annual rate of $251.8 billion in March, 1.1 percent (plus or minus 1.3 percent)* below the revised February estimate of $254.6 billion.

Nonresidential construction was at a seasonally adjusted annual rate of $299 billion in March, 0.7 percent (plus or minus 1.4 percent)* below the revised February estimate of $301.1 billion.

Public construction may be a more viable option when seeking landscape bids. In March, the estimated seasonally adjusted annual rate of public construction spending was $296.5 billion, 2.3 percent (plus or minus 1.9 percent) above the revised February estimate of $289.9 billion. Educational construction was at a seasonally adjusted annual rate of $75.9 billion, 2.2 percent (plus or minus 3 percent)* below the revised February estimate of $77.6 billion.

- Courtesy of US Census Bureau