Construction Spending Eased in January; Most Segments Higher on Annual Basis

By Jann Swanson

Posted To: MND NewsWire

Both publicly and privately funded construction dipped slightly in January from February levels the Census Bureau said today, although both total construction and the publicly funded segment did remain above January 2014 levels. Construction put in place in all categories during the month was at a seasonally adjusted annual rate of $971.4 billion, 1.1 percent lower than the estimated $982.0 billion spent in December. The number was 1.8 percent higher than the January 2014 estimate of $954.6 billion. On a non-seasonally adjusted basis spending in January was estimated at $67.3 billion compared to 76.0 billion in December and 66.5 billion a year earlier. This was an annual increase of 1.2 percent. Privately funded construction was at a seasonally adjusted annual rate of 697.6 billion in January…(read more)

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