MARCH 1, 2017 - Today, the U.S. Census Bureau released monthly construction spending for January 2017 as well as revised estimates for 2016. Total construction spending in 2016 was estimated at $1,164 billion. This represents a 4.7 percent increase from 2015.
Sectors that showed large percentage increases were:
* Lodging (25.4 percent).
* Office (25.1 percent).
* Commercial (11.3 percent). Private warehouse construction grew 22.1 percent from $16,099 in 2015 to $19,649 in 2016.
See for the full report. Information on the survey methodology is also available.
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Source: U.S. Department of Census Bureau
