Last month revised to -0.4% from -1.0%
US total construction spending came in at +0.8% vs 1.0% estimate. However, the prior month was revised higher to -0.4% from -1.0% previously reported.
- Residential construction rose by 1.8% from January 2017. Versus Feb 2016 it is up 6.2%.
- Non residential construction was unchanged from January 2017. The change from last year came in at +1.0%.
Total private construction rose by +0.8% for the month and +6.9% for the year with Private residential up 1.8% MoM (+6.4% YoY) and Non residential down -0.3% (+7.5% YoY).