(03-02-20) The U.S. Census Bureau announced the following value put in place construction statistics for January 2020: Total Construction – Construction spending during January 2020 was estimated at a seasonally adjusted annual rate of $1,369.2 billion, 1.8 percent (±0.8 percent) above the revised December estimate of $1,345.5 billion. The January figure is 6.8 percent (±1.3 percent) above the January 2019 estimate of $1,282.5 billion. Private Construction – Spending on private construction was at a seasonally adjusted annual rate of $1,022.7 billion, 1.5 percent (±0.7 percent) above the revised December estimate of $1,007.6 billion. Residential construction was at a seasonally adjusted annual rate of $554.8 billion in January, 2.1 percent (±1.3 percent) above the revised December estimate of $543.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $468.0 billion in January, 0.8 percent (±0.7 percent) above the revised December estimate of $464.1 billion. Public Construction – In January, the estimated seasonally adjusted annual rate of public construction spending was $346.5 billion, 2.6 percent (±1.5 percent) above the revised December estimate of $337.8 billion. Educational construction was at a seasonally adjusted annual rate of $81.5 billion, 0.7 percent (±1.8 percent)* above the revised December estimate of $80.9 billion. Highway construction was at a seasonally adjusted annual rate of $103.9 billion, 5.4 percent (±4.6 percent) above the revised December estimate of $98.6 billion.
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