Construction spending dropped 0.9% in March to $1.3 trillion compared with February, according to the U.S. Census Bureau. Overall spending is down 0.8% year-over-year. Residential construction spending fell 1.8% compared with February and declined 8.4% year-over-year. Nonresidential spending fell 0.3%, but is up 4.8% year-over-year. The full report can be viewed here.
Construction spending dropped 0.9% in March to $1.3 trillion compared with February, according to the U.S. Census Bureau. Overall spending is down 0.8% year-over-year. Residential construction spending fell 1.8% compared with February and declined 8.4% year-over-year. Nonresidential spending fell 0.3%, but is up 4.8% year-over-year. The full report can be viewed here.
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