Commercial Building Rebounded in March

Wall Street Journal (05/07/08) P. C12
Commercial construction spending rebounded in March after declining for several consecutive months. The U.S. Census Bureau reports that private nonresidential construction spending during the month was at a seasonally adjusted annual rate of $382.3 billion, a 1.9-percent increase from a revised $375.3 billion rate in February. Meanwhile, the value of private residential construction continued to fall and was at a seasonally adjusted annual rate of $445 billion in March, a 4.6-percent decline.