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Census Bureau: Lodging, Office and Commercial Construction Grew in 2016

Mar 01, 2017 - PR Newswire

 Today, the U.S. Census Bureau released monthly construction spending for January 2017 as well as revised estimates for 2016. Total construction spending in 2016 was estimated at $1,164 billion. This represents a 4.7 percent increase from 2015.

Sectors that showed the largest percentage increases were:

Lodging (25.4 percent).Office (25.1 percent).Commercial (11.3 percent). Private warehouse construction grew 22.1 percent from $16,099 in 2015 to $19,649 in 2016.

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