U.S. construction spending during January 2008 was estimated at a seasonally adjusted annual rate of $1,121.5 billion, 1.7 percent below the revised December estimate of $1,140.4 billion. The January figure is 3.3 percent below the January 2007 estimate of $1,160.2 billion.
Spending on private construction was at a seasonally adjusted annual rate of $827.4 billion, 2.2 percent below the revised December estimate of $845.7 billion. Residential construction was at a seasonally adjusted annual rate of $455.8 billion in January, 3.0 percent below the revised December estimate of $469.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $371.6 billion in January, 1.2 percent below the revised December estimate of $376.0 billion.
In …
U.S. Construction Spending Falls 1.7% in January
U.S. construction spending during January 2008 was estimated at a seasonally adjusted annual rate of $1,121.5 billion, 1.7 percent below the revised December estimate of $1,140.4 billion. The January figure is 3.3 percent below the January 2007 estimate of $1,160.2 billion.
Spending on private construction was at a seasonally adjusted annual rate of $827.4 billion, 2.2 percent below the revised December estimate of $845.7 billion. Residential construction was at a seasonally adjusted annual rate of $455.8 billion in January, 3.0 percent below the revised December estimate of $469.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $371.6 billion in January, 1.2 percent below the revised December estimate of $376.0 billion.
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