The February figure is 7.4 percent above the February 2005 estimate of $1,103.6 billion. During the first two months of this year, construction spending amounted to $161.5 billion, 8.5 percent above the $149.0 billion for the same period in 2005
Spending on private construction was at a seasonally adjusted annual rate of $931 billion, 1.2 percent above the revised January estimate of $920.3 billion. Residential construction was at a seasonally adjusted annual rate of $665.7 billion in February, 1.3 percent above the revised January estimate of $657.0 billion
Nonresidential construction was at a seasonally adjusted annual rate of $265.3 billion in February, 0.8 percent above the revised January estimate of $263.3 billion
In February, the estimated seasonally adjusted annual rate of public construction spending was $254.4 billion, 0.5 percent below the revised January estimate of $255.7 billion.
Educational construction was at a seasonally adjusted annual rate of $67.7 billion, the same as the revised January estimate of $67.7 billion.
