U.S. Construction Remains Steady

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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.

Click here to read the full release on Census.gov.

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Director of Education & Outreach, National Real Estate Investors Association

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