Multi-Unit Component Weighs on Investment for February Building Construction Investment
April 22, 2024 Month over month, investment in building construction declined 1.1% to $19.3 billion in February. Investment in the residential sector decreased 1.2% to $13.4 billion, while investment in the non-residential sector fell 0.9% to $6.0 billion. On a constant dollar basis (2017=100), investment in building construction fell 1.2% to $11.9 billion in February, following a flat (+0.0%) movement in the previous…