The U.S. Census Bureau reported that construction spending during February 2021 was estimated at a seasonally adjusted annual rate of $1,516.9 billion, 0.8% (±0.7%) below the revised January estimate of $1,529.0 billion. The February figure is 5.3% (±1.0%) above the February 2020 estimate of $1,441.1 billion.
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Associations Praise, Raise Concerns on Biden Infrastructure Proposal
The Biden administration’s announcement of a major infrastructure proposal – The American Jobs Plan – brought comments, both positive and negative, from industry associations.
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