Construction Spending Rises 0.1 Percent in December 2013

By Anonymous -
Total construction spending increased to $930.5 billion in December 2013, which was 0.1 percent higher than the revised November 2013 estimate of $929.9 billion, according to the U.S. Census Bureau.   The December 2013 figure is 5.3 percent higher than the December 2012 estimate of $883.6 billion.   In December 2013, private construction projects increased 1 percent, reflecting a 2.6 percent increase in residential construction and a 0.7 percent decrease in nonresidential construction.   Public construction projects in December 2013 decreased 2.3 percent.   During 2013, construction spending was 4.8 percent higher than it was during 2012. 

 (From NRCA)

Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
1211 N Franklin St
Tampa, FL 33602

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