Construction spending during March 2009 was estimated by the U.S. Commerce Department at a seasonally adjusted annual rate of $969.7 billion, 0.3% above the revised February estimate of $967.1 billion. The March figure is 11.1% below the March 2008 estimate of $1,090.5 billion.
During the first three months of this year, construction spending amounted to $209.5 billion, 10.9% below the $235.2 billion for the same period in 2008.