Value of New Construction Enjoys 1.5% Increase to $816.4 Billion in December

The U.S. Census Bureau said construction spending during Dec. 2011 was estimated at a seasonally adjusted annual rate of $816.4 billion, 1.5 percent above the revised November estimate of $804 billion. The December figure is 4.3 percent above the Dec. 2010 estimate of $782.9 billion. The value of construction in 2011 was $787.4 billion, two percent below the $803.6 billion spent in 2010.

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