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For Immediate Release: Wednesday, March 01, 2017
"Lodging, Office and Commercial Construction Grew in 2016 "
Press Release Number CB17-TPS.16
MARCH 1, 2017 — 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 large 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.
See Construction Spending for the full report. Information on the survey methodology is also available.
No news release associated with this product. Tip Sheet only.
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Page Last Revised - October 8, 2021
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