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Electrical Market Data
New nonresidential construction WendellandCarolyn/iStock/Getty Images Plus

$1,297.7 Billion in 2018 Value of New Construction Outpaces 2017 by +4.1%

Nonresidential construction was at a seasonally adjusted annual rate of $454.5 billion in December, +0.4% above the revised November estimate.

Construction spending during December 2018 was estimated at a seasonally adjusted annual rate of $1,292.7 billion, -0.6% below the revised November estimate of $1,300.6 billion. The December figure is +1.6% percent above the Dec. 2017 estimate of $1,272.6 billion. The value of construction in 2018 was $1,297.7 billion, +4.1% above the $1,246 billion spent in 2017.

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