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April 02, 2024US CONSTRUCTION SPENDING, FEBRUARY 2024 Month over month (February 2024 vs January 2024), seasonally adjusted annual rate)
US construction spending decreased 0.3% to $2,091.5 billion.
- Total residential construction increased 0.7% to $912.7 billion.
- Total non-residential construction spending decreased 1.0% to $1,178.8 billion.
- Public sector construction decreased 1.2% to $474.4 billion.
- Private sector construction increased 0.02% to $1,617.1 billion.
Private residential construction increased 0.7% to $901.1 billion, while private non-residential construction spending decreased 0.9% to $716.0 billion.
Public residential construction decreased 1.2% to $11.6 billion, while public non-residential construction spending decreased 1.2% to $462.8 billion.
Year-over-year (February 2024 vs February 2023)
US construction spending was up 10.7%.
- Total residential construction was up 6.5%.
- Total non-residential construction was up 14.2%.
- Private sector construction was up 9.0%.
- Public sector construction was up 16.8%.
Source: US Census Bureau, retrieved from Federal Reserve Bank of St. Louis using a FRED APIand charts were generated by a VBA.
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