The U.S. Census Bureau is reporting that total construction spending in December was estimated at a seasonally adjusted annual rate of $1.2 trillion, which is .07% higher than November’s revised estimate. In addition, December’s number is 2.6% higher than one year ago. Private residential construction was at a seasonally adjusted annual rate of $526.1 billion in December, which is 0.5% higher than revised November’s number. Nonresidential construction was at a seasonally adjusted annual rate of $437.1 billion in December, which is 1.1% higher than November’s estimate of $432.1 billion.
Click here to read the full report on Census.gov.
