Nationwide construction spending decrease during March
Construction spending during March 2013 was estimated at a seasonally adjusted annual rate of $856.7 billion, according to the U.S. Census Bureau of the Department of Commerce, a slight decrease (1.7%) below the $871.2 billion estimate released in February.
Overall, construction spending during the first three months of 2013 is up from last year at $181.7 billion, as compared to $173.6 billion for the same period in 2012.