Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2017 05 12 20170512em Valcon
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2017 05 12 20170512em Valcon
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2017 05 12 20170512em Valcon
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2017 05 12 20170512em Valcon
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2017 05 12 20170512em Valcon

Value of New Construction Shows Little Change in March But Increases +3.6% YOY

May 12, 2017
Construction spending during March 2017 was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.2% below the revised February estimate of $1,220.7 billion. The March figure is 3.6% above the March 2016 estimate of $1,176.4 billion. During the first three months of this year, construction spending amounted to $259.5 billion, 4.9% above the $247.5 billion for the same period in 2016.

Construction spending during March 2017 was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.2% below the revised February estimate of $1,220.7 billion. The March figure is 3.6% above the March 2016 estimate of $1,176.4 billion. During the first three months of this year, construction spending amounted to $259.5 billion, 4.9% above the $247.5 billion for the same period in 2016.

Private construction. Spending on private construction was at a seasonally adjusted annual rate of $940.2 billion, nearly the same as the revised February estimate of $940.1 billion. Residential construction was at a seasonally adjusted annual rate of $503.4 billion in March, 1.2% above the revised February estimate of $497.4 billion. Nonresidential construction was at a seasonally adjusted annual rate of $436.8 billion in March, 1.3% below the revised February estimate of $442.6 billion. March’s data was 7% above the 2016 figure of $940.2 billion

Public construction. In March, the estimated seasonally adjusted annual rate of public construction spending was $278.1 billion, 0.9% below the revised February estimate of $280.7 billion. March is tracking at -6.5% YOY below the March 2016 figure of $278.1 billion

Educational construction was at a seasonally adjusted annual rate of $70.2 billion, 2%.below the revised February estimate of $71.6 billion. Highway construction was at a seasonally adjusted annual rate of $91.5 billion, 0.5% above the revised February estimate of $91.1 billion.