(03-01-21) The U.S. Census Bureau announced the following value put in place construction statistics for January 2021: Total Construction – Construction spending during January 2021 was estimated at a seasonally adjusted annual rate of $1,521.5 billion, 1.7 percent (±0.7 percent) above the revised December estimate of $1,496.5 billion. The January figure is 5.8 percent (±1.0 percent) above the January 2020 estimate of $1,437.7 billion. Private Construction – Spending on private construction was at a seasonally adjusted annual rate of $1,160.0 billion, 1.7 percent (±0.5 percent) above the revised December estimate of $1,140.9 billion. Residential construction was at a seasonally adjusted annual rate of $713.0 billion in January, 2.5 percent (±1.3 percent) above the revised December estimate of $695.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $447.0 billion in January, 0.4 percent (±0.5 percent)* above the revised December estimate of $445.2 billion. Public Construction – In January, the estimated seasonally adjusted annual rate of public construction spending was $361.5 billion, 1.7 percent (±1.2 percent) above the revised December estimate of $355.5 billion. Educational construction was at a seasonally adjusted annual rate of $89.9 billion, 0.1 percent (±1.3 percent)* below the revised December estimate of $90.0 billion. Highway construction was at a seasonally adjusted annual rate of $107.8 billion, 5.8 percent (±3.1 percent) above the revised December estimate of $101.9 billion.
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