Construction spending during January 2013 was estimated at a seasonally adjusted annual rate of $883.3 billion, 7.1% above the January 2012 estimate of $824.7 billion, according to the U.S. Census Bureau of the Department of Commerce. However, spending was 2.1% below the revised December estimate of $902.6 billion.

The biggest losses in construction spending were in the private sector; the January 2013 seasonally adjusted rate for the private sector was $614.2 billion, a 2.6% decrease from spending in December 2012.

Construction spending by local, state and the federal government declined 1% since December 2012.

For more information on construction spending data and statistics please visit the U.S. Census Bureau. February 2013 data will be available April 1.

 

Please follow and like us: