U.S Construction Spending Continues to Increase
January 2016According to the U.S Census Bureau of the Department of Commerce construction spending during November 2015 was at a seasonally adjusted rate of $1,122.5 billion, a 0.4% decrease from the revised October 2015 estimate of $1,127.0 billion and a 10.5% increase from the November 2014 estimate of $1,016.1 billion.
Private construction spending was at a seasonally adjusted rate of $828.2 billion with residential construction at $427.9 billion and nonresidential construction at $400.3 billion.
During the first 11 months of 2015, construction spending within the U.S amounted to $1,011.9 billion which is 10.7% above the same period in 2014.