Construction spending was estimated at a seasonally adjusted annual rate of $1,282.2 billion, 0.9% (±1.0%) below the revised February estimate of $1,293.3 billion.
| Prior | Revised | Consensus | Forecast Range | Actual | |
| Construction Spending – M/M ∆ | 1.0% | 0.7% | 0.2% | -0.5% — 0.6% | -0.9% |
| Construction Spending – Y/Y ∆ | 1.1% | — | — | — | 0.8% |
Total construction spending for March is down 0.8% (±1.5%) from the March 2018 estimate of $1,293.1 billion. During the first three months of this year, construction spending amounted to $277.7 billion, down 0.2% (±1.3%) from the $278.3 billion for the same period in 2018.
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