December 2019 Total Construction Spending Below Revised November 2019 Level

The U.S. Census Bureau has reported that total construction spending during December 2019 was estimated at a SAAR of $1,327.7 billion, (-0.2%) below the revised November estimate of $1,329.9 billion. However, the December figure is 5.0% above the December 2018 estimate of $1,264.8 billion. The value of construction in 2019 was $1,303.5 billion (-0.3%) below the $1,307.2 billion spent in 2018. Spending on private construction was at a SAAR of $991.2 billion, (-0.1%) below the revised November estimate of $992.2 billion.