Washington, DC, May 3, 2021-Construction spending during March 2021 was estimated at a seasonally adjusted annual rate of $1,513.1 billion, 0.2% above the revised February estimate of $1,509.9 billion, according to the U.S. Census Bureau. The March figure is 5.3% above the March 2020 estimate of $1,436.7 billion. During the first three months of this year, construction spending amounted to $328.3 billion, 4.5% above the $314.1 billion for the same period in 2020. Spending on private construction was at a seasonally adjusted annual rate of $1,169.2 billion, 0.7% above the revised February estimate of $1,160.9 billion. ... (full story)