2016 Value of New Construction Enjoys 4.5% YOY Increase to $1,184.4 Billion

2016 Value of New Construction Enjoys 4.5% YOY Increase to $1,184.4 Billion

The U.S. Census Bureau of the Department of Commerce said construction spending during December 2016 was estimated at a seasonally adjusted annual rate of $1,181.5 billion, 0.2% below the revised November estimate of $1,184.4 billion and 4.2% above the December 2015 estimate of $1,133.7 billion. The value of construction in 2016 was $1,162.4 billion, 4.5% above the $1,112.4 billion spent in 2015.

Private construction. Spending on private construction was at a

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish