Construction spending in January was at a seasonally adjusted annual rate of $1,180.3 billion, a 1 percent decrease compared with the December rate of $1,192.3 billion but a 3.1 percent increase compared with the January 2016 rate of $1,144.9 billion, according to the U.S. Census Bureau.
Construction spending in January was at a seasonally adjusted annual rate of $1,180.3 billion, a 1 percent decrease compared with the December rate of $1,192.3 billion but a 3.1 percent increase compared with the January 2016 rate of $1,144.9 billion, according to the U.S. Census Bureau.
Private construction spending in January was at a seasonally adjusted annual rate of $911.6 billion, 0.2 percent higher than the December rate of $909.4 billion. Residential construction was at a rate of $476.4 billion, 0.5 percent higher than the December rate of $474.0 billion. Nonresidential construction was at a rate of $435.3 billion, unchanged from December.