Construction Spending Dips Slightly in December

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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.

 

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Director of Education & Outreach, National Real Estate Investors Association

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