Banking

Construction costs increases in March

Construction costs was at a seasonally changed yearly rate of $1,730.5 billion in March, 0.5% above the modified February quote of $1,728.6 billion. The March figure is 11.7% above the March 2021 quote of $1,548.6 billion.

Spending on personal building and construction was at a seasonally changed yearly rate of $1,379.7 billion, 0.2% above the modified February quote of $1,376.9 billion. Private property building and construction was at a seasonally changed yearly rate of $882.0 billion in March, 1.0% above the modified February quote of $873.2 billion. Private nonresidential building and construction was at a seasonally changed yearly rate of $497.6 billion in March, 1.2% listed below the modified February quote of $503.6 billion.

In March, the approximated seasonally changed yearly rate of public building and construction costs was $350.8 billion, 0.2% listed below the modified February quote of $351.7 billion.

Read the Census release.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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