Construction Spending Annual Rates for January 2016


According to the U.S. Census Bureau of the Department of Commerce, total construction spending for January 2016 was estimated at a seasonally adjusted annual rate of $1,140.8 billion.  This rate is an increase of 1.5 percent from the revised December estimate of $1,123.5 billion.  Compared to a year ago, the January rate is up 10.4 percent from that of the January 2015 rate, which was estimated at $1,033.3 billion.

Private construction spending was estimated at a seasonally adjusted annual rate of $831.4 billion, up 0.5 percent from December’s revised estimate of $827.3 billion.  Residential construction spending for January was at a seasonally adjusted annual rate of $433.2 billion, remaining nearly identical to the previous month’s revised estimate of $433.1 billion.  Nonresidential construction spending for January was estimated at $398.2 billion, up 1.0 percent from December’s revised estimate of $394.2 billion.

Public construction spending was estimated at a seasonally adjusted annual rate of $309.4 billion, up 4.5 percent from December’s revised estimate of $296.2 billion.  Educational construction spending for January was at an adjusted rate of $68.8 billion, down 1.9 percent from the revised December estimate of $70.1 billion.  Highway construction spending was estimated at an adjusted rate of $110.4 billion for January, increasing by 14.7 percent over December’s revised estimate of $96.2 billion.

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