The 2020 Mid-Year Economic Update_long

Construction Spending Generally Flat from December


Construction spending during January 2007 was estimated at a seasonally adjusted annual rate of $1,180.2 billion, 0.8 percent (±1.4%) ...

Construction spending during January 2007 was estimated at a seasonally adjusted annual rate of $1,180.2 billion, 0.8 percent (±1.4%)* below the revised December estimate of $1,189.3 billion. The January figure is 1.2 percent (±2.2%)* below the January 2006 estimate of $1,194.5 billion.


&nbsp ;


Private Construction


Spending on private construction was at a seasonally adjusted annual rate of $894.3 billion, 1.2 percent (±1.4%)* below the revised December estimate of $905.1 billion. Residential construction was at a seasonally adjusted annual rate of $575.4 billion in January, 1.8 percent (±1.3%) below the revised December estimate of $586.1 billion. Nonresidential construction was at a seasonally adjusted annual rate of $318.9 billion in January, nearly the same as (±1.4%)* the revised December estimate of $319.0 billion.


&nbsp ;


Public Construction


In January, the estimated seasonally adjusted annual rate of public construction spending was $286.0 billion, 0.6 percent (±2.1%)* above the revised December estimate of $284.2 billion. Educational construction was at a seasonally adjusted annual rate of $75.1 billion, 2.6 percent (±4.0%)* below the revised December estimate of $77.1 billion. Highway construction was at a seasonally adjusted annual rate of $76.9 billion, 3.2 percent (±5.0%)* above the revised December estimate of $74.5 billion.


&nbsp ;


*Not statistically significant to conclude that the difference is anything but flat.


&nbsp ;


Economic indicators at MDM’s Databank.


&nbsp ;


More Breaking News

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.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.