Educational construction, along with health-care construction, dipped for the month but both are still strongly ahead of last year.
Construction spending during Jan. 2017 was estimated at a seasonally adjusted annual rate of $1,180.3 billion, -1% below the revised December estimate of $1,192.2 billion, according to the most recent data available from the U.S. Commerce Dept. The January figure is 3.1% above the Jan. 2016 estimate of $1,144.9 billion. Private construction. Spending on private construction was at a seasonally adjusted annual rate of $911.6 billion, 0.2% above the revised December estimate of $909.4 ...
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