Construction spending in this year’s first quarter (unadjusted) was $177.18 billion, according to the Census Bureau. That’s up 6.7% from 2011’s same period.
March 2012’s seasonally adjusted rate was up 0.1% from one month earlier, and 6.0% from one year ago.
Above: Graphic obtained from www.haver.com
Private residential construction, at $50.28 billion, was up 6.3%. Nonresidential private rose 16.5%, to $65.32 billion. Public construction fell 2.8% compared to 2011, to $$55.58 billion.
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