Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 02 20130308 Em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 02 20130308 Em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 02 20130308 Em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 02 20130308 Em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 02 20130308 Em Value

Value of New Construction Dips in January But Still Up a Healthy 7.1% YTY from 2012

March 11, 2013
The Department of Commerce reported that construction spending during Jan. 2013 was estimated at a seasonally adjusted annual rate of $883.3 billion, 2.1% below the revised December estimate of $902.6 billion, but 7.1% above the previous January.

The Department of Commerce reported that construction spending during Jan. 2013 was estimated at a seasonally adjusted annual rate of $883.3 billion, 2.1% below the revised December estimate of $902.6 billion. The January figure is 7.1% above the Jan. 2012 estimate of $824.7 billion.

Private construction. Spending on private construction was at a seasonally adjusted annual rate of $614.2 billion, 2.6% below the revised December estimate of $630.9 billion. Residential construction was at a seasonally adjusted annual rate of $304.6 billion in January, nearly the same as the revised December estimate of $304.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $309.7 billion in January, 5.1% below the revised December estimate of $326.2 billion.

Public construction. In January, the estimated seasonally adjusted annual rate of public construction spending was $269.0 billion, 1% below the revised December estimate of $271.7 billion.