U.S. construction spending during February 2008 was estimated at a seasonally adjusted annual rate of $1,121.6 billion, 0.3 percent below the revised January estimate of $1,124.8 billion, according to the U.S. Census Bureau of the Department of Commerce. The February figure is 3.5 percent below the February 2007 estimate of $1,162.2 billion.
During the first two months of this year, construction spending amounted to $155.1 billion, 2.6 percent below the $159.3 billion for the same period in 2007.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $826.6 billion, 0.5 percent below the revised January estimate of $831.2 billion. Residential construction was at a seasonally adjusted annual rate of $456.9 …
U.S. Construction Spending Down Slightly in February
U.S. construction spending during February 2008 was estimated at a seasonally adjusted annual rate of $1,121.6 billion, 0.3 percent below the revised January estimate of $1,124.8 billion, according to the U.S. Census Bureau of the Department of Commerce. The February figure is 3.5 percent below the February 2007 estimate of $1,162.2 billion.
During the first two months of this year, construction spending amounted to $155.1 billion, 2.6 percent below the $159.3 billion for the same period in 2007.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $826.6 billion, 0.5 percent below the revised January estimate of $831.2 billion. Residential construction was at a seasonally adjusted annual rate of $456.9 …
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