Construction spending during Jan. 2012 was estimated at a seasonally adjusted annual rate of $827 billion, 0.1 percent below the revised December estimate of $827.6 billion, according to the Department of Commerce. The January figure is 7.1 percent above the Jan. 2011 estimate of $770 billion.
Private construction. Spending on private construction was at a seasonally adjusted annual rate of $538.7 billion, nearly the same as the revised December estimate of $538.7 billion. Reside
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