Construction spending in March was estimated at a seasonally adjusted
annual rate of $868.5 billion,1.0 percent below the revised
February estimate of $877.4 billion, according to the U.S.
Commerce Department's Census Bureau. The March figure is
1.6 percent above March 2002. During the first three months
of this year $181.6 billion of construction was put in place,
which is 1.4 percent above the $179.1 billion for the same
period in 2002.