The U.S. government is reporting that total construction spending in December, 2023 was at a seasonally adjusted annual rate of $2,096 billion, which is 0.9% higher than November’s revised estimate and is 13.9% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $911.7 billion in December, which is 1.4% higher than November’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
