LONGVIEW – Construction spending in March 2013 was $856.7 billion at a seasonally adjusted annual rate, down 1.7 percent from the revised February 2013 estimate but up 4.8 percent from March 2012.
Construction Spending is a monthly report derived from data provided by the U.S. Census Bureau on the value of construction put in place – measuring the dollar value of new construction done in the U.S., including residential projects (such as homes and apartment buildings), nonresidential projects (such as privately funded office buildings), and public projects (such as schools and highways funded by the local, state, or federal government). It covers work done each month on new structures or improvements to existing structures for private and public sectors. Data estimates include the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, and contractor’s profits. Businesses and investors rely upon this economic indicator to make daily decisions. It is important to put economic indicators into a global context. For more information about personal finance, contact Bryant Wealth Management, Inc.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., a Washington-State Registered Investment Adviser. Bryant provides independent, fee-only, financial planning services, investment supervisory services, educational seminars/workshops, and other professional services for individuals and small businesses. Chris is an award-winning speaker and the author of Personal Financial Planning. Since 1999, Chris has devoted his professional practice to helping people make money, save money, protect money, have convenience, and peace of mind. Connect with Chris.
Chris Bryant is an American financial advisor.