January Construction Spending Same as December, Up Year-Over-Year

The United State Census Bureau reported construction spending for January 2018. Overall, spending in January 2018 was basically the same as December 2017 ($1,62.8 billion in January versus $1,262.7 billion in December) and up 3.2% from January 2017 ($1,223.5 billion). Private construction dipped 0.5% from December to January due mostly to a decline in non-residential construction (residential was up slightly). Public construction was up 1.8% from December to January based on strength in the education and highway segments. The full press release can be downloaded here.