Spending on private construction was at a seasonally adjusted annual rate of $906.9 billion, 0.2 percent above the revised December estimate of $905.3 billion. Residential construction was at a seasonally adjusted annual rate of $649.9 billion in January, 0.1 percent above the revised December estimate of $649.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $257.0 billion in January, 0.5 percent above the revised December estimate of $255.8 billion.
In January, the estimated seasonally adjusted annual rate of public construction spending was $256.5 billion, 0.2 percent above the revised December estimate of $255.9 billion. Educational construction was at a seasonally adjusted annual rate of $67.6 billion, 0.8 percent below the revised December estimate of $68.1 billion. Highway construction was at a seasonally adjusted annual rate of $68.9 billion, 0.9 percent (±4.2%)* above the revised December estimate of $68.3 billion. For more detailed data and methodologies, visit the Department of Commerce Web site.
