Market Updates
U.S. Construction Spending Inches Higher 0.1% in March
Brian Turner
02 May, 2022
New York City
Construction activities inched up modestly in March according to the latest data released by the Commerce Department.
U.S. construction spending rose 0.1% in March to $1.73 trillion annual rate from the upwardly revised 0.5% spending in February.
Residential construction rose 1.0% to a rate of $882.0 billion, but spending on non-residential construction dropped 1.2% to a rate of $497.6 billion.
Public construction eased 0.2% to $351 billion.
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