Construction spending in March 2017 was down 0.2 percent to $1,218.3 billion from the revised February estimate. The March figure is up 3.6 percent from March 2016, according to the U.S. Census Bureau of the Department of Commerce.
 
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $940.2 billion, up slightly from the revised February estimate. Residential construction was up 1.2 percent from the revised February estimate of $497.4 billion. Nonresidential construction was at a seasonally adjusted annual rate of $436.8 billion in March, 1.2 percent above the revised February estimate of $442.6 billion.
 
Public Construction
In March, the estimated seasonally adjusted annual rate of public construction spending was $278 billion, 0.9 percent below the revised February estimate of $280.6 billion. Educational construction was at a seasonally adjusted annual rate of $70.2 billion, 2 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 above the revised February estimate of $91 billion.