March construction spending was estimated at a seasonally adjusted annual rate of $1,137.5 billion, 0.3 percent above the revised February estimate of $1,133.6 billion, according to the U.S. Census Bureau of the Department of Commerce. The March figure is 8 percent above the March 2015 estimate of $1,052.9 billion.
In March, spending on private construction was at a seasonally adjusted annual rate of $842.3 billion, 1.1 percent above the revised February estimate of $832.8 billion. Residential construction was at a seasonally adjusted annual rate of $435.5 billion in March, 1.6 percent above the revised February estimate of $428.8 billion. Nonresidential construction was at a seasonally adjusted annual rate of $406.8 billion in March, 0.7 percent above the revised February estimate of $404 billion.
In March, the estimated seasonally adjusted annual rate of public construction spending was $295.2 billion, 1.9 percent below the revised February estimate of $300.8 billion. Educational construction was at a seasonally adjusted annual rate of $69.6 billion, 0.4 percent above the revised February estimate of $69.4 billion. Highway construction was at a seasonally adjusted annual rate of $97.3 billion, 0.4 percent above the revised February estimate of $96.9 billion.
