Construction spending during February was estimated by the U.S. Commerce Department at a seasonally adjusted annual rate of $846.2 billion, 1.3% below the revised January estimate of $857.8 billion. The February figure is 12.8% below the February 2009 estimate of $970.4 billion.
During the first two months of this year, construction spending amounted to $116.2 billion, 14.4% below the $135.7 billion for the same period in 2009.