The Department of Commerce said construction spending during Jan. 2015 was estimated at a seasonally adjusted annual rate of $971.4 billion, 1.1% below the revised December estimate of $982 billion. The January figure is 1.8% above the Jan. 2014 estimate of $954.6 billion. Private construction. Spending on private construction was at a seasonally adjusted annual rate of $697.6 billion, 0.5% below the revised December estimate of $700.9 billion. Residential construction was at a seasonally ...

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