Private & Public Construction Spending Increased in January

The U.S. Census Bureau has reported that total construction spending during January 2020 was at an estimated SAAR of $1,369.2 billion. That is 1.8% above the revised December estimate and 6.8% above the January 2019 estimate. Private construction spending was at a SAAR of $1,022.7 billion, 1.5% above the revised December estimate. Residential construction was at a SAAR of $554.8 billion in January, 2.1% above the revised December estimate.  of $543.6 billion. Nonresidential construction was at a SAAR of $468.0 billion in January, 0.8% above the revised December estimate.