Courtesy of Mish.
Construction spending, up 0.8% in February, was a bit weaker than the Bloomberg Econoday Consensus estimate of 1.0%.
However, the Census Department revised January from -1.0% to -0.4% so the report was a bit stronger than it appears on the surface.
Construction strength is not uniform.
Total Construction Spending in Millions of Dollars
Total Construction Spending Percent Change From Year Ago
Year-over-year residential construction spending is up 6.16% but nonresidential construction is up only 0.95%.
Construction Spending by Type




