WASHINGTON, March 1, 2017 /PRNewswire-USNewswire/ -- Today, the U.S. Census Bureau released monthly construction spending for January 2017 as well as revised estimates for 2016. Total construction spending in 2016 was estimated at $1,164 billion. This represents a 4.7 percent increase from 2015.
Sectors that showed the largest percentage increases were:
- Lodging (25.4 percent).
- Office (25.1 percent).
- Commercial (11.3 percent). Private warehouse construction grew 22.1 percent from $16,099 in 2015 to $19,649 in 2016.
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SOURCE U.S. Census Bureau