Value of New Construction Finishes Year on Quiet Note But Annual Total Up 10.5% YOY Scott Olson/Getty Images

Value of New Construction Finishes Year on Quiet Note But Annual Total Up 10.5% YOY

The U.S. Census Bureau said construction spending during Dec. 2015 was estimated at a seasonally adjusted annual rate of $1,116.6 billion, 0.1% above the revised November estimate of $1,116 billion. The December figure is 8.2% above the December 2014 estimate of $1,031.6 billion. The value of construction in 2015 was $1,097.3 billion, 10.5% above the $993.4 billion spent in 2014.

Private construction. Spending on private construction was at a seasonally adjust

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