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December '15 Construction Spending Up 8.2 Percent Over December '14

Total 2015 spending overcomes November '15 dip to reach $1.116 trillion.

February 02, 2016

Construction spending in 2015 reached its highest level in eight years, according to figures reported by the U.S. Census Bureau, ending at a seasonally adjusted annual rate of $1.116 trillion.

Private construction saw the largest gains with residential building up 12.6 percent to $416.8 billion, and non-residential reaching $389.3 billion, a 12.0 percent increase above the $347.7 billion in 2014.

Last year's public construction spending was $291.5 billion, 5.6 percent better than the %275.7 billion spent in 2014. 2015 Highway construction saw a 6.7 percent increase to $89.6 billion over the same reporting period in2014.

Data for the December 2015 construction report is available here.

Source: U.S. Census Bureau

Image: GOMACO

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