Construction Outlays Advance in February
- Total construction spending increased 0.1 percent in February, as gains in private spending offset the decline in public spending which is a reversal from what occurred in January.
- The winter months are tough time to asses building activity. On a year-to-date basis, total construction are up 4.4 percent through February. Public outlays are 7 percent higher than the same period in 2017 and private are up 3.7 percent.