Construction Spending Down in January; Highways Up

According to the U.S. Census Bureau, construction spending during January 2025 was estimated at a seasonally adjusted annual rate of $2,192.5 billion, 0.2% (±0.7%) below the revised December estimate of $2,196.0 billion. The January figure is 3.3% (±1.3%) above the January 2024 estimate of $2,122.2 billion. In January, the estimated seasonally adjusted annual rate of public construction spending was $506.6…

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