On a month-to-month basis, total residential spending increased a slight 0.68 percent from February and rose 7.42 percent above the level seen in March 2011 while remaining a whopping 63.91 percent below the peak level seen in 2006.
New home sales fell a steep 7.1 percent in March but rose 7.5 percent above last year's level.
The late Sen. Gaylord Nelson (D) of Wisconsin organized the first Earth Day in 1970 after the devastating oil spill off the coast of Santa Barbara, Calif. The event started as an environmental teach-in, with some 20 million Americans taking part on college campuses across the United States. Today, 500 million people in 175 countries observe Earth Day on April 22 as a way to celebrate the natural world and raise awareness of the environment. How much do humans affect the earth? Click below to find out.
Retail sales increased 0.8 percent from February, and 6.5 percent on a year over year basis.
On a month-to-month basis, total residential spending increased a slight 0.03 percent from January and rose 5.59 percent above the level seen in February 2011, while remaining a whopping 63.56 percent below the peak level seen in 2006.
New residential home sales dropped 1.57 percent since January but rose 11.4 percent above the level seen in February of last year.