The U.S. government is reporting that total construction spending in December was at a seasonally adjusted annual rate of $1,3277.7 billion, which was 0.2% lower than November’s revised estimate. However, December’s figure is 5% higher than December, 2018. Residential construction was at a seasonally adjusted annual rate of $540.7 billion in December, up 1.4% from November’s revised rate.
Click here to read the full report at the U.S. Census Bureau.
