• Weather Appears to Ding U.S. Construction Spending for March

    5 monthes ago - By Economy

    New data lowered our tracking estimate of Q1 GDP growth from 2.3% to 2.2%.
    Read more ...

     

  • Construction Spending decreased 1.7% in March

    Construction Spending decreased 1.7% in March

    5 monthes ago - By Calculated Risk

    Earlier today, the Census Bureau reported that overall construction spending decreased in March:
    Construction spending during March 2018 was estimated at a seasonally adjusted annual rate of $1,284.7 billion, 1.7 percent below the revised February estimate of $1,306.4 billion. The March figure is 3.6 percent above the March 2017 estimate of $1,239.6 billion. Private spending decreased and public spending was essentially unchanged in March:
    Spending on private construction was at a seasonally adjusted annual rate of $987.5 billion, 2.1 percent below the revised February estimate of $1,009.1...
    Read more ...