Apr 1 2008
U.S. Construction Spending Falls 0.3 Percent in February 2008
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during February 2008 was estimated at a seasonally adjusted annual rate of $1,121.6 billion, 0.3 percent (±1.3%)* below the revised January estimate of $1,124.8 billion. The February figure is 3.5 percent (±1.9%) below the February 2007 estimate of $1,162.2 billion.
During the first 2 months of this year, construction spending amounted to $155.1 billion, 2.6 percent (±1.9%) below the $159.3 billion for the same period in 2007.
PRIVATE CONSTRUCTION