Construction Spending Annual Rates for January 2014


According to the U.S. Census Bureau of the Department of Commerce, total construction spending for January 2014 was estimated at a seasonally adjusted annual rate of $943.1 billion.  This rate is a slight increase of 0.1 percent from the revised December estimate of $941.9 billion.  Compared to a year ago, the January rate is up 9.3 percent from that of the January 2013 rate, which was estimated at $863.1 billion.

Private construction spending was estimated at a seasonally adjusted annual rate of $670.8 billion, which is up 0.5 percent from December’s revised estimate of $667.5 billion.  Residential construction spending for January was at a seasonally adjusted annual rate of $359.9 billion, up 1.1 percent from the previous month’s revised estimate of $356.0 billion.  Nonresidential construction spending for January was estimated at $310.9 billion, down 0.2 percent from December’s revised estimate of $311.5 billion.

Public construction spending was estimated at a seasonally adjusted annual rate of $272.3 billion, down 0.8 percent from December’s revised estimate of $274.4 billion.  Educational construction spending for January was at an adjusted rate of $61.6 billion, down 1.8 percent from the revised December estimate of $62.7 billion.  Highway construction spending was estimated at an adjusted rate of $88.3 billion for January, increasing by 3.7 percent over December’s revised estimate of $85.1 billion.

For more information, read the complete U.S. Census Bureau of the Department of Commerce Press Release by clicking here.