Design
Tools
LoadMatch
System
LOFlo
System
Air
Elimination
Circulators
& Pumps
Accessories
for circulators
& pumps
Heat Exchangers
Tanks
Valves &
Controls
Energy
Management
Variable Speed
Web-based
Building
Management
Switch to Residential
Product Navigation
  Where to Buy

What is your zip code?

 
 
  We're Here to Help

How can we help? Please choose a category for immediate help.






 
 

January Construction Spending
Continues Lower


Latest News > Industry News

Total U.S. construction spending in January was 3.3% below the revised December rate and 9.1% less than spending overall in January 2008, the U.S. Census Bureau announced yesterday.

The seasonally-adjusted rate in January was $986.2 billion, versus $1,085.4 billion one year ago.

Non-residential construction spending increased 2.1% year-over-year in January, highlighting the steep drop in residential construction, which was off 27.4% versus a year earlier. Most notably in the category, construction spending on manufacturing rose 48.5%, on public safety 21.2% and on water supply 15.2%.

Total public construction spending also increased year-to-year in January by 4.4%.

Total spending broke down as follows:
  • Residential: -2.8% vs. December; -27.4% vs. Jan. 2008.
  • Non-Residential: -3.5% vs. December; +2.1% vs. Jan. 2008
  • Total Private Construction: -3.7% vs. December; -14.1% vs. Jan. 2008
  • Total Public Construction: -2.3% vs. December; +4.4% vs. Jan. 2008.

See the Census Bureau news release here.