U.S Construction Spending in the Trillions of Dollars
March 2016The U.S Census Bureau of the Department of Commerce announced U.S construction spending in January was estimated at a seasonally adjusted annual rate of $1.14 trillion. A 1.5% increase above the revised December estimate and 10.4% higher than the comparable month in 2015. Residential construction was nearly even at $433.2 billion and nonresidential totals increased 1% to $398.2 billion over December. Private construction spending rose 0.5% to $831.4 billion over December 2015.