Keeping you up to date on the latest data releases.
- Contruction Spending
Private construction spending increased 2.0 percent in December to $614.9 billion and is 15 percent higher than in December 2011. Residential construction spending increased 2.2 percent over the month to a seasonally-adjusted annual rate of $308.2 billion. New multi-family construction spending increased 6.2 percent in December and is up 57.4 percent year-over-year. New single-family construction posted a monthly gain of 0.8 percent. Private nonresidential construction spending increased 1.8 percent over the month to $306.7 billion and is up 7.6 percent year-over-year. The education and power sectors saw the largest gains of 6.4 and 3.7 percent, respectively. The transportation sector saw the largest decline of 3.7 percent.