Construction spending during March 2024 was estimated at a seasonally adjusted annual rate of $2,083.9 billion, 0.2% below the revised February estimate of $2,087.8 billion, according to the Department of Labor. The March figure is 9.6% above the March 2023 estimate of $1,901.4 billion. During the first three months of this year, construction spending amounted to $461.0 billion, 10.6% above the $416.7 billion for the same period in 2023. Spending on private construction was at a seasonally adjusted annual rate of $1,600.8 billion, 0.5% below the revised February estimate of $1,608.5 billion. Residential construction ... (full story)