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USA: February's Construction Rate Reaches $885.1 Billion

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Construction Spending during February 2013 rose 1.2 percent over January to $ 855.1 billion. This is 7.9 percent above February 2012. Private construction was at an adjusted rate of $ 613 billion, 1.3 percent above January’s estimate.
Residential construction rose 2.2 percent from January to $ 605.2 billion, and nonresidential was $ 309.6 billion, 0.4 percent above January.
Public construction spending was $ 272.1 billion, 0.9 percent above January. Educational construction fell to a rate of $ 63.2 billion, 0.3 percent below January.

Source: hardwoodfloorsmag.com

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