U.S. private residential construction spending increased 2.6 percent in March to $229.1 billion, according to the U.S. Department of Commerce. Overall private construction spending increased 2.2 percent to $476.1 billion.
U.S. private residential construction spending increased 2.6 percent in March to $229.1 billion, according to the U.S. Department of Commerce. Overall private construction spending increased 2.2 percent to $476.1 billion.
In total, U.S. construction spending reached an annual rate of $768.9 billion in March, up 1.4 percent from February but down 6.7 percent from March 2010. During the first three months of 2011, construction spending amounted to $161.2 billion.