February 2015 construction spending was estimated at a seasonally adjusted annual rate of $967.2 billion, 0.1 percent below the revised January estimate of $967.9 billion, according to the U.S. Census Bureau of the Department of Commerce. The February figure is 2.1 percent above the February 2014 estimate of $947.1 billion.

Spending on private construction was at a seasonally adjusted annual rate of $698.2 billion, 0.2 percent above the revised January estimate of $696.9 billion. Residential construction was at a seasonally adjusted annual rate of $349.9 billion in February, 0.2 percent below the revised January estimate of $350.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $348.4 billion in February, 0.5 percent above the revised January estimate of $346.5 billion.

In February, the estimated seasonally adjusted annual rate of public construction spending was $268.9 billion, 0.8 percent below the revised January estimate of $271 billion. Educational construction was at a seasonally adjusted annual rate of $59.1billion, 0.2 percent above the revised January estimate of $58.9 billion. Highway construction was at a seasonally adjusted annual rate of $82.8 billion, 0.2 percent below the revised January estimate of $83 billion.