Commercial

The Department of Commerce said construction spending during March 2013 was estimated at a seasonally adjusted annual rate of $856.7 billion, 1.7% below the revised February estimate of $871.2 billion. The March figure is 4.8% above the March 2012 estimate of $817.8 billion. During the first three months of this year, construction spending amounted to $181.7 billion, 4.7% above the $173.6 billion for the same period in 2012....More