The U.S. government is reporting that total construction spending in March, 2024 was at a seasonally adjusted annual rate of $2,083.9 billion, which is 0.2% lower than February’s number. However, March’s revised estimate is 9.6% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $884.3 billion in March, which is 0.7% lower than February’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
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Written by: Brad Beckett