Total construction spending was US$1.18 trillion in January, below the level seen in December and November 2016. Residential construction was up slightly at US$481.9 billion, while non-residential construction fell from US$711.7 billion in December to US$698.4 billion in January.
Private construction recorded a slight gain in January – up 0.2% to US$911.6 billion. Public construction however finished at its lowest level since March 2017 at US$268.7 billion. Spending by federal government was down 7.4%, while spending by state and local governments fell 4.8%, according to Associated Press.
