Construction Spending Up in January

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The U.S. government is reporting that total construction spending in January was at a seasonally adjusted annual rate of $1,369.2 billion, which is 1.8% above December’s revised estimate.  In addition, January’s figure is 6.8% higher than January, 2019.  Total residential construction was at a seasonally adjusted annual rate of $554.8 billion in January, which is 2.1% higher than December’s revised estimate.

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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