U.S. construction ticks upward in March
Residential and highway work are month's leaders.
The U.S. Census Bureau announced the following value put in place construction statistics for March 2017:
Total Construction
Construction spending during March 2017 was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.2 percent (±2.1 percent)* below the revised February estimate of $1,220.7 billion. The March figure is 3.6 percent (±1.5 percent) above the March 2016 estimate of $1,176.4 billion.
During the first 3 months of this year, construction spending amounted to $259.5 billion, 4.9 percent (±1.6 percent) above the $247.5 billion for the same period in 2016.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $940.2 billion, nearly the same as (± 3.3 percent)* the revised February estimate of $940.1 billion.
Residential construction was at a seasonally adjusted annual rate of $503.4 billion in March, 1.2 percent (±1.3 percent)* above the revised February estimate of $497.4 billion.
Nonresidential construction was at a seasonally adjusted annual rate of $436.8 billion in March, 1.3 percent (± 3.3 percent)* below the revised February estimate of $442.6 billion.
Public Construction
In March, the estimated seasonally adjusted annual rate of public construction spending was $278.1 billion, 0.9 percent (±2.0 percent)* below the revised February estimate of $280.7 billion.
Educational construction was at a seasonally adjusted annual rate of $70.2 billion, 2.0 percent (±2.6 percent)* below the revised February estimate of $71.6 billion.
Highway construction was at a seasonally adjusted annual rate of $91.5 billion, 0.5 percent (±4.9 percent)* above the revised February estimate of $91.1 billion.
CONTRACTOR SUPPLY MAGAZINE
The October/November 2024 of Contractor Supply magazine is here!
Our cover story, A Rewarding Passion - Dale Hahs II, third-generation of Denver's AIS Industrial & Construction Supply, is STAFDA's incoming 2025 president.
A Special STAFDA section featuring a welcome address, an agenda, session previewss by presenters and much more. Also in this issue are our Industry Updates on: Lifting, Moving and Material Handling; Lasers, Levels and Measurement; Hand Tools; Cordless Power Tools; Drill Bits and Cutting Tools; and Toolboxes, Bags and Belts.
This digital edition, sponsored by BECK AMERICA Inc., is fully searchable and contains live links to every advertiser and new product listing. Click away!
| Read the Articles Read the Digital Edition |
