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Posted May 3, 2025

March construction spending dips slightly below February estimates

March construction spending was estimated at a seasonally adjusted annual rate of $2,196.1 billion, 0.5% (±0.8%) below the revised February estimate of $2,206.9 billion.


The March figure is 2.8% (±1.2%) above the March 2024 estimate of $2,135.8 billion. During the first three months of this year, construction spending amounted to $485.7 billion, 2.9% (±1.0%) above the $472.2 billion for the same period in 2024.

Spending on private construction was at a seasonally adjusted annual rate of $1,688.0 billion, 0.6% (±0.5%) below the revised February estimate of $1,697.7 billion.

Residential construction was at a seasonally adjusted annual rate of $937.7 billion in March, 0.4% (±1.3%) below the revised February estimate of $941.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $750.3 billion in March, 0.8% (±0.5%) below the revised February estimate of $756.0 billion.

Public Construction
In March, the estimated seasonally adjusted annual rate of public construction spending was $508.1 billion, 0.2% (±1.5%) below the revised February estimate of $509.2 billion. Educational construction was at a seasonally adjusted annual rate of $110.0 billion, 0.6% (±1.6%) below the revised February estimate of $110.6 billion.

Highway construction was at a seasonally adjusted annual rate of $145.8 billion, 0.5% (±5.6%) below the revised February estimate of $146.4 billion.

March 25 construction spending

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