US Spending on Residential Improvements: March 2019

Applies to: child-placing agencies, General Residential Operations, Licensed Child Care Centers, Before or After-School Programs, School-Age Programs, Licensed child care homes, Registered Child Care Homes, Listed Family Homes We know that many of you and your staff use the Texas A&M AgriLife.

Spending in the Tax Code. When the government issues a tax break, it chooses to give up tax revenue for a specific purpose – so both spending and tax breaks mean less money in the U.S. Treasury, and both reflect spending priorities laid out by Congress in various pieces of legislation. Tax breaks are expected to cost the federal government $1.22.

USA Spending tracks federal spending to ensure taxpayers can see how their money is being used in communities across America. Learn more on how this money was spent with tools to help you navigate spending from top to bottom.

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The department revised March spending to show. Also holding back overall spending, private residential construction spending eased 0.1 percent lower. The drop appeared to be led by declines in home.

For the first six months of 2019 combined, spending dipped by 0.5 percent from the same period in 2018. Public construction spending slipped 3.7 percent for the month but jumped 10.1 percent year-to-date.

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Residential construction spending – 99% is "private" rather than "public" spending – dropped 8% from June 2018, the ninth month in a row of year-over-year declines, to a seasonally adjusted annual rate of $513 billion, back to January and February 2017 levels, and down 10% from the recent peak in April 2018.