Construction spending in December 2008 was estimated at a seasonally adjusted annual rate of $1,053.7 billion, 1.4% below November. December was 3.6% below December 2007.
The value of construction in 2008 was $1,078.9 billion, 5.1% below the $1,137.2 billion spent in 2007.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $737.1 billion, 1.7% below November. Residential construction was at a seasonally adjusted annual rate of $319.2 billion in December, 3.2% below the November. Nonresidential construction was at a seasonally adjusted annual rate of $417.9 billion in December, 0.4% below November.
The value of private construction in 2008 was $770.4 billion, 9.4% below the $850 billion spent in …
Construction Spending in 2008 Down 5.1%
Construction spending in December 2008 was estimated at a seasonally adjusted annual rate of $1,053.7 billion, 1.4% below November. December was 3.6% below December 2007.
The value of construction in 2008 was $1,078.9 billion, 5.1% below the $1,137.2 billion spent in 2007.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $737.1 billion, 1.7% below November. Residential construction was at a seasonally adjusted annual rate of $319.2 billion in December, 3.2% below the November. Nonresidential construction was at a seasonally adjusted annual rate of $417.9 billion in December, 0.4% below November.
The value of private construction in 2008 was $770.4 billion, 9.4% below the $850 billion spent in …
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