Keeping you up to date on the latest data releases.
- Construction Spending
After upward revisions to both November and December, private construction spending was flat in January. Nonresidential spending had a slight increase of 1.5 percent, while residential spending decreased by 1.8 percent. Since last January, private construction increased by 11.7 percent, with nonresidential leading the growth at 16.6 percent and residential following at 6.7 percent. Education and healthcare pushed the increases over December in nonresidential construction. While both manufacturing and power showed slight setbacks over December, they boast the biggest gains since last January, 38.5 percent and 28 percent, respectively. New single family houses boosted residential, increasing for the ninth consecutive month. Home improvement showed an upward trend for the second half of 2011 with January coming in at $123.5 billion, a 6.4 percent increase over a year ago.