The U.S. Census Bureau of the Department of Commerce said construction spending during December 2016 was estimated at a seasonally adjusted annual rate of $1,181.5 billion, 0.2% below the revised November estimate of $1,184.4 billion and 4.2% above the December 2015 estimate of $1,133.7 billion. The value of construction in 2016 was $1,162.4 billion, 4.5% above the $1,112.4 billion spent in 2015. Private construction. Spending on private construction was at a seasonally adjusted annual rate ...

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