Construction spending up slightly in March

Glass Magazine
May 4, 2012

The U.S. Census Bureau of the Department of Commerce announced, May 1, that construction spending during March 2012 was up 6 percent compared to March 2011, totalling $808.1 billion. That figure is up slightly from February 2012's $807.3 billion.

During the first three months of this year, construction spending amounted to $171.2 billion, 6.7 percent above the same period in 2011, according to a release.

Compared to February 2012, the March 2012 spending breakdown is as follows:

Private construction: up 0.7 percent

Residential construction: up 0.7 percent

Nonresidential construction: up 0.7 percent

Public construction: down 1.1 percent

Educational construction: down 1.2 percent