{"id":1020,"date":"2012-05-01T16:26:00","date_gmt":"2012-05-01T16:26:00","guid":{"rendered":"https:\/\/www.lienitnow.com\/blog\/index.php\/2012\/05\/01\/march-construction-spending-shows-gains-another-boost-for-the-economy\/"},"modified":"2012-05-01T16:26:00","modified_gmt":"2012-05-01T16:26:00","slug":"march-construction-spending-shows-gains","status":"publish","type":"post","link":"https:\/\/www.lienitnow.com\/blog\/2012\/05\/march-construction-spending-shows-gains.html","title":{"rendered":"March Construction Spending Shows Gains: Another Boost for the Economy"},"content":{"rendered":"<div style=\"clear: both; text-align: center;\"><a href=\"http:\/\/1.bp.blogspot.com\/-f5DiA1cZ6XU\/T6AOmZc9gXI\/AAAAAAAAAHE\/rJvCC1TlBvg\/s1600\/opentoolbox.jpg\" style=\"clear: right; cssfloat: right; float: right; margin-bottom: 1em; margin-left: 1em;\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" height=\"260\" mea=\"true\" src=\"http:\/\/1.bp.blogspot.com\/-f5DiA1cZ6XU\/T6AOmZc9gXI\/AAAAAAAAAHE\/rJvCC1TlBvg\/s320\/opentoolbox.jpg\" width=\"320\" \/><\/a><\/div>\n<div>After two months of declining spending, builders finally began to increase spending on construction projects. The <a href=\"http:\/\/www.census.gov\/const\/C30\/release.pdf\">Commerce Department&nbsp;released its monthly report and&nbsp;found that&nbsp;construction spending ticked up 0.1% in March<\/a>. March&#8217;s gain&nbsp;resulted&nbsp;in construction spending at a seasonally adjusted annual rate of $808.1 billion. Last March, construction spending hit a 12 year low of $762.6 billion, resulting in a year over year&nbsp;increase of 6%&nbsp; for March.<\/div>\n<div><\/div>\n<div>Economists, however, are still not convinced of when construction spending is going to be back to healthy levels.&nbsp;One of the biggest drags on construction growth is government construction work, which&nbsp;fell 1.1% to the slowest pace since February 2007. State and local goverments led the way in the reduction in construction spending, with levels not seen since November 2006. Meanwhile, Federal spending increased 3.8%. Private, nonresidential projects saw in increase in construction spending&nbsp;of 0.7%.&nbsp;Residential construction rose 0.7%, and was due mostly to the construction of single-family homes &#8211; something that has been declining since the 2008 housing crisis began.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>After two months of declining spending, builders finally began to increase spending on construction projects. The Commerce Department&nbsp;released its monthly report and&nbsp;found that&nbsp;construction spending ticked up 0.1% in March. March&#8217;s gain&nbsp;resulted&nbsp;in construction spending at a seasonally adjusted annual rate of $808.1 billion. Last March, construction spending hit a 12 year low of $762.6 billion, resulting [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1351,1302,1807],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>March Construction Spending Shows Gains: Another Boost for the Economy - Tools of the Trade | LienItNow Blog<\/title>\n<meta name=\"description\" content=\"After two months of declining spending, builders finally began to increase spending on construction projects. The Commerce Department&nbsp;released its\" \/>\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.lienitnow.com\/blog\/2012\/05\/march-construction-spending-shows-gains.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"March Construction Spending Shows Gains: Another Boost for the Economy - Tools of the Trade | LienItNow Blog\" \/>\n<meta property=\"og:description\" content=\"After two months of declining spending, builders finally began to increase spending on construction projects. The Commerce Department&nbsp;released its\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lienitnow.com\/blog\/2012\/05\/march-construction-spending-shows-gains.html\" \/>\n<meta property=\"og:site_name\" content=\"Tools of the Trade | LienItNow Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LienItNow\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/LienItNow\" \/>\n<meta property=\"article:published_time\" content=\"2012-05-01T16:26:00+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/1.bp.blogspot.com\/-f5DiA1cZ6XU\/T6AOmZc9gXI\/AAAAAAAAAHE\/rJvCC1TlBvg\/s320\/opentoolbox.jpg\" \/>\n<meta name=\"author\" content=\"Stephen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@lienitnow\" \/>\n<meta name=\"twitter:site\" content=\"@lienitnow\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stephen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.lienitnow.com\/blog\/2012\/05\/march-construction-spending-shows-gains.html#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.lienitnow.com\/blog\/2012\/05\/march-construction-spending-shows-gains.html\"},\"author\":{\"name\":\"Stephen\",\"@id\":\"https:\/\/www.lienitnow.com\/blog\/#\/schema\/person\/d4ad09932756b36935fd15ab497722fe\"},\"headline\":\"March Construction Spending Shows Gains: Another Boost for the Economy\",\"datePublished\":\"2012-05-01T16:26:00+00:00\",\"dateModified\":\"2012-05-01T16:26:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.lienitnow.com\/blog\/2012\/05\/march-construction-spending-shows-gains.html\"},\"wordCount\":181,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.lienitnow.com\/blog\/#organization\"},\"articleSection\":[\"commerce department construction spending report\",\"construction spending\",\"united states construction spending increases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.lienitnow.com\/blog\/2012\/05\/march-construction-spending-shows-gains.html#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.lienitnow.com\/blog\/2012\/05\/march-construction-spending-shows-gains.html\",\"url\":\"https:\/\/www.lienitnow.com\/blog\/2012\/05\/march-construction-spending-shows-gains.html\",\"name\":\"March Construction Spending Shows Gains: Another Boost for the Economy - Tools of the Trade | LienItNow Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.lienitnow.com\/blog\/#website\"},\"datePublished\":\"2012-05-01T16:26:00+00:00\",\"dateModified\":\"2012-05-01T16:26:00+00:00\",\"description\":\"After two months of declining spending, builders finally began to increase spending on construction projects. 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