Construction spending rose 1.7 percent in January
Construction spending during January 2021 was estimated at a seasonally adjusted annual rate of $1,521.5 billion, 1.7 percent above the revised December estimate of $1,496.5 billion.
The January figure is 5.8 percent above the January 2020 estimate of $1,437.7 billion.
Spending on private construction was at a seasonally adjusted annual rate of $1,160.0 billion, 1.7 percent above the revised December estimate of $1,140.9 billion. Residential construction 2.5 percent above December. Nonresidential construction was 0.4 percent above.
Public construction spending was $361.5 billion, 1.7 percent above the revised December estimate of $355.5 billion. Educational construction was 0.1 percent below December. Highway construction was 5.8 percent above December.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
