{"id":1004136128,"date":"2016-02-02T08:04:01","date_gmt":"2016-02-02T16:04:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004136128"},"modified":"2022-12-08T22:07:20","modified_gmt":"2022-12-09T06:07:20","slug":"economy-watch-construction-spending-ekes-out-gain-in-december","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-ekes-out-gain-in-december\/","title":{"rendered":"Economy Watch: Construction Spending Ekes Out Gain in December"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/p>\n

Construction spending came in at an annualized rate of $1,116.6 billion during December 2015, or 0.1 percent above the revised November estimate, the Census Bureau <\/a>reported on Monday. The December figure is also 8.2 percent above the December 2014 estimate of $1,031.6 billion.<\/p>\n

As usual, spending varied according to the kind of construction. Residential construction spending was up 0.7 percent for the month, noted the bureau. Nonresidential constructon spending actually took a dip of 0.4 percent for the month. But for the year, the gain for nonresidential construction was fairly strong: 8.3 percent, with residential up 8.1 percent.<\/p>\n

Leading the way in the annual nonresidential construction spending gain was the hotel sector, which was up 29.1 percent compared with December 2014. The office sector was also strong, enjoying a gain of 16.6 percent. Manufacturing, though it slowed down considerably toward the end of 2015\u2014down 7.2 percent for the month in December\u2014was nevertheless up 16.9 percent year-over-year.<\/p>\n

The value of U.S. construction in 2015 was $1,097.3 billion, 10.5 percent above the $993.4 billion spent in 2014. Of the 2015 total, the value of nonresidential construction was nearly $675 billion, with lodging at $21 billion and office at $56.1 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Construction spending in the last month of 2015 was just slightly up from the month before, with variations among the different sectors.<\/p>\n","protected":false},"author":1023,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,23891,21742,21747,21749],"tags":[],"class_list":["post-1004136128","post","type-post","status-publish","format-standard","hentry","category-hotel","category-national","category-latest","category-office","category-retail"],"acf":[],"yoast_head":"\nEconomy Watch: Construction Spending Ekes Out Gain in December - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-ekes-out-gain-in-december\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Construction Spending Ekes Out Gain in December\" \/>\n<meta property=\"og:description\" content=\"Construction spending in the last month of 2015 was just slightly up from the month before, with variations among the different sectors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-ekes-out-gain-in-december\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-02T16:04:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:07:20+00:00\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-ekes-out-gain-in-december\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-ekes-out-gain-in-december\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Construction Spending Ekes Out Gain in December\",\"datePublished\":\"2016-02-02T16:04:01+00:00\",\"dateModified\":\"2022-12-09T06:07:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-ekes-out-gain-in-december\\\/\"},\"wordCount\":190,\"commentCount\":0,\"articleSection\":[\"Hotel\",\"National\",\"News\",\"Office\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-ekes-out-gain-in-december\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-ekes-out-gain-in-december\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-ekes-out-gain-in-december\\\/\",\"name\":\"Economy Watch: Construction Spending Ekes Out Gain in December - 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