Construction Spending Dips in February; Up for Year

Construction spending during February 2024 was estimated at a seasonally adjusted annual rate of $2,091.5 billion, 0.3% (±0.8%) below the revised January estimate of $2,096.9 billion. The February figure is 10.7% (±1.3%) above the February 2023 estimate of $1,889.6 billion. During the first two months of this year, construction spending amounted to $298.1 billion, 11.9% (±1.3%) above the $266.5 billion…

Read More