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.
Trending
- Top 50 U.S. Metro Areas have 31 NFL Teams
- Building Material Prices Continue to Rise
- ICE April 2024 Mortgage Monitor
- How to Succeed in Multifamily Real Estate Investing
- Supreme Court Rules Government Can’t Use Permit Process to Coerce Property Owners
- CoreLogic Says Rent Growth Posts Highest Annual Increase Since Spring ’23
- Foreclosure Starts Increase Slightly
- Existing Home Sales Drop 4.3% in March