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