{"id":1004174779,"date":"2017-05-02T05:40:51","date_gmt":"2017-05-02T13:40:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004174779"},"modified":"2022-12-06T08:47:43","modified_gmt":"2022-12-06T16:47:43","slug":"economy-watch-construction-spending-edges-down-in-march","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-march\/","title":{"rendered":"Economy Watch: Construction Spending Edges Down in March"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004174791\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Census-Bureau-construction-spending-0317.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004174791\" data-attachment-id=\"1004174791\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-march\/census-bureau-construction-spending-0317\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Census-Bureau-construction-spending-0317.jpg\" data-orig-size=\"596,397\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1493717948&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Census Bureau construction spending 0317\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: U.S. Census Bureau, Monthly Construction Spending, March 2017&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Census-Bureau-construction-spending-0317.jpg?w=596\" class=\"wp-image-1004174791\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Census-Bureau-construction-spending-0317.jpg\" alt=\"Source: U.S. Census Bureau, Monthly Construction Spending, March 2017\" width=\"400\" height=\"266\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Census-Bureau-construction-spending-0317.jpg 596w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Census-Bureau-construction-spending-0317.jpg?resize=300,200 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-1004174791\" class=\"wp-caption-text\">Source: U.S. Census Bureau, Monthly Construction Spending, March 2017<\/p><\/div>\n<p>U.S. construction spending during March was down, coming in at an annualized rate of $1,218.3 billion, 0.2 percent below the revised February rate, according to the Census Bureau on Monday. On the other hand, the March 2017 figure is 3.6 percent above the March 2016 rate of $1,176.4 billion.<\/p>\n<p>Spending on private construction projects was flat in March, though up 7 percent from the same month a year ago. As for public construction, it was a drag on the overall construction numbers: the rate was down 0.9 percent for the month, and 6.5 percent year-over-year.<\/p>\n<p>A few property types enjoyed an uptick in spending for the month, including both single-family and multifamily, at 0.3 percent and 2 percent, respectively. Lodging eked out a 0.7 percent gain, and health care was up 1.7 percent for the month. Office and other commercial construction spending was down for the month.<\/p>\n<p>For the year, most segments are still up in terms of spending on construction projects. Single-family housing gained 4.7 percent, while multifamily was up 7.4 percent. Spending on office construction was up 15.7 percent, and other commercial project spending gained 10.9 percent. Spending on manufacturing projects was off 9.7 percent year-over-year, however.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While spending on construction projects declined for the month, the figure is above the March 2016 rate. Lodging and health care spending was up for the month, while office and other commercial spending was down. <\/p>\n","protected":false},"author":1023,"featured_media":1004174791,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[35059],"class_list":["post-1004174779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-u-s-census-bureau"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Construction Spending Edges Down in March - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Construction Spending Edges Down in March\" \/>\n<meta property=\"og:description\" content=\"While spending on construction projects declined for the month, the figure is above the March 2016 rate. Lodging and health care spending was up for the month, while office and other commercial spending was down.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-march\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-02T13:40:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T16:47:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Census-Bureau-construction-spending-0317.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"596\" \/>\n\t<meta property=\"og:image:height\" content=\"397\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-march\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-march\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Construction Spending Edges Down in March\",\"datePublished\":\"2017-05-02T13:40:51+00:00\",\"dateModified\":\"2022-12-06T16:47:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-march\\\/\"},\"wordCount\":211,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-march\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/05\\\/Census-Bureau-construction-spending-0317.jpg\",\"keywords\":[\"U.S. Census Bureau\"],\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-march\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-march\\\/\",\"name\":\"Economy Watch: Construction Spending Edges Down in March - 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Lodging and health care spending was up for the month, while office and other commercial spending was down.","og_url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-march\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-05-02T13:40:51+00:00","article_modified_time":"2022-12-06T16:47:43+00:00","og_image":[{"width":596,"height":397,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Census-Bureau-construction-spending-0317.jpg","type":"image\/jpeg"}],"author":"Dees Stribling","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-march\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-march\/"},"author":{"name":"Dees Stribling","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c"},"headline":"Economy Watch: Construction Spending Edges Down in March","datePublished":"2017-05-02T13:40:51+00:00","dateModified":"2022-12-06T16:47:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-march\/"},"wordCount":211,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-march\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Census-Bureau-construction-spending-0317.jpg","keywords":["U.S. Census Bureau"],"articleSection":["National","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-march\/","url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-march\/","name":"Economy Watch: Construction Spending Edges Down in March - 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