The U.S. government is reporting that total construction spending in January was at a seasonally adjusted annual rate of $1,525.5 billion, which is 1.7% above than December’s revised estimate. In addition, December’s figure was 5.8% higher than January, 2020. Residential construction was at a seasonally adjusted annual rate of $713 billion in January, which is 2.5% higher than December’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
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