Construction spending remained flat in January, kicking off the year with a seasonally adjusted annual rate of $1,262.8. This is nearly identical to December’s estimate which has been revised up from $1,253.3 billion to $1,262.7 billion. November’s estimate of $1,245.1 billion has been revised back up to $1,252.1 billion.
Construction spending for January 2018 was 3.2% higher year-over-year compared to the $1,223.5 billion estimate from January 2017.
