Construction spending in December 2012 was $885.0 billion at a seasonally adjusted annual rate, up 0.9 percent from the revised November 2012 estimate and up 7.8 percent from December 2011. For the full year 2012, construction spending was $850.2 billion, up 9.2 percent from 2011.
Construction Spending is a monthly report released by the Economics & Statistics Administration, U.S. Department of Commerce, from data gathered by the Census Bureau, of the dollar value of new construction activity. Includes data on residential projects (such as homes and apartment buildings), nonresidential projects (such as privately funded office buildings), and public projects (such as schools and highways funded by the local, state, or federal government).
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc. – an institutional investor and state-registered investment adviser. Bryant provides independent, fee-only, financial planning services for individual investors. Since 1999, Chris has devoted himself to helping people make money, save money, protect money, have convenience and peace of mind. Connect with Chris by E-mail or call 1-800-980-3048 toll free.
Chris Bryant is an American financial advisor.