The U.S. Census Bureau is reporting that total construction spending in January was estimated at a seasonally adjusted annual rate of $1.2 trillion, nearly the same as December’s revised estimate. However, January’s number is 3.2% higher than January 2017. Private residential construction came in at a $523.2 billion in January, 0.3% higher than December and private nonresidential construction was $439.6 billion, 1.5% lower than December. Total public construction spending was $300.1 billion, 1.8% higher than December.
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- Zumper’s National Rent Report for December
- U.S. Construction Spending Up 4.9% Year-Over-Year
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- Pending Home Sales Down 2.6%
- S&P CoreLogic Case-Shiller: Home Prices up 5.5% Annually
- New Home Sales Down 8.9% in October
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