-
US Construction spending for January 1.3% vs 0.2% estimate
Added at 10:34am
-
Construction Spending Rose 1.3% in February to $1,655B
Construction spending during January 2022 was estimated at a seasonally adjusted annual rate of $1,677.2 billion, 1.3% above the revised December estimate of $1,655.8 billion, according to the U.S. Census Bureau. The January figure is 8.2% above the January 2021 estimate of $1,549.8 billion. Spending on private construction was at a seasonally adjusted annual rate of $1,326.5 billion, 1.5% above the revised December estimate of $1,307.1 billion. Residential construction was at a seasonally adjusted annual rate of $829.4 billion in January, 1.3% above the revised December estimate of $819.0 billion. Nonresidential ... (full story)