US construction spending up 1.3 percent in January

Wednesday, 13 March 2019 21:13:44 (GMT+3)   |   San Diego
       

The US Census Bureau announced that construction spending during January 2019 was estimated at a seasonally adjusted annual rate of $1,279.6 billion, 1.3 percent (±0.8 percent) above the revised December estimate of $1,263.1 billion. The January figure is 0.3 percent (±1.2 percent) above the January 2018 estimate of $1,276.3 billion. 

Spending on private construction was at a seasonally adjusted annual rate of $966.0 billion, 0.2 percent (±0.7 percent) above the revised December estimate of $964.2 billion. Residential construction was at a seasonally adjusted annual rate of $511.4 billion in January, 0.3 percent (±1.3 percent) below the revised December estimate of $512.9 billion. Nonresidential construction was at a seasonally adjusted annual rate of $454.7 billion in January, 0.8 percent (±0.7 percent) above the revised December estimate of $451.2 billion.

In January, the estimated seasonally adjusted annual rate of public construction spending was $313.6 billion, 4.9 percent (±1.6 percent) above the revised December estimate of $299.0 billion. Educational construction was at a seasonally adjusted annual rate of $77.8 billion, 2.2 percent (±2.0 percent) above the revised December estimate of $76.1 billion. Highway construction was at a seasonally adjusted annual rate of $99.9 billion, 11.8 percent (±5.1 percent) above the revised December estimate of $89.3 billion.


Most Recent Related Articles

US new home sales up 4.8 percent in August

US cold finished bar imports down 27.7 percent in July

US residential building permits, housing starts and completions all decline in August

US construction sector adds 16,000 jobs in August, mostly in housing

More US construction firms facing pandemic-related cancellations in August