Construction spending during January 2024 was estimated at a seasonally adjusted annual rate of $2,102.4 billion, 0.2% below the revised December estimate of $2,105.8 billion, according to the U.S. Census Bureau. The January figure is 11.7% above the January 2023 estimate of $1,882.2 billion. Spending on private construction was at a seasonally adjusted annual rate of $1,623.4 billion, 0.1% above the revised December estimate of $1,622.3 billion. Residential construction was at a seasonally adjusted annual rate of $900.8 billion in January, 0.2% above the revised December estimate of $899.1 billion. Nonresidential ... (full story)