The 2020 Mid-Year Economic Update_long

January Construction Spending Up 9.3% YOY

Residential construction spending up 1.1% from December.

January 2014 construction spending was estimated at $943.1 billion, a slight increase from the revised December estimate, according to the U.S. Census Bureau. The January 2014 figure is a 9.3 percent increase from the January 2013 estimate.

For January 2014, private construction was $670.8 billion, a 0.5 percent increase from the revised December estimate. Residential construction was $359.9 billion, a 1.1 percent increase from the revised December estimate. Nonresidential construction was $310.9 billion, a slight decrease from the revised December estimate.

For January 2014, public construction was $272.3 billion, a 0.8 percent decrease from the revised December estimate. Educational construction was $61.6 billion, a 1.8 percent decrease from the revised December estimate. Highway construction was $88.3 billion, a 3.7 percent increase from the revised December estimate.

For more detail, download the PDF below.

Click Here

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.