{"id":1004168044,"date":"2017-03-02T05:51:10","date_gmt":"2017-03-02T13:51:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004168044"},"modified":"2022-12-04T17:09:26","modified_gmt":"2022-12-05T01:09:26","slug":"economy-watch-construction-spending-dips-in-january","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-dips-in-january\/","title":{"rendered":"Economy Watch: Construction Spending Dips in January"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004168047\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Census-Bureau-construction-spending-0117.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004168047\" data-attachment-id=\"1004168047\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-dips-in-january\/census-bureau-construction-spending-0117\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Census-Bureau-construction-spending-0117.jpg\" data-orig-size=\"590,392\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Census Bureau construction spending 0117\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: U.S. Census Bureau&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Census-Bureau-construction-spending-0117.jpg?w=590\" class=\"size-medium wp-image-1004168047\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Census-Bureau-construction-spending-0117.jpg\" alt=\"Source: U.S. Census Bureau\" width=\"300\" height=\"199\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Census-Bureau-construction-spending-0117.jpg 590w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Census-Bureau-construction-spending-0117.jpg?resize=300,199 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004168047\" class=\"wp-caption-text\">Source: U.S. Census Bureau<\/p><\/div>\n<p>U.S. construction spending during January came in at an annualized rate of $1,180.3 billion, or 1 percent <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-december-2\/\" target=\"_blank\" rel=\"noopener\">below the December rate<\/a>, according to the Census Bureau on Wednesday. However, the most recent January figure is nevertheless 3.1 percent above the January 2016 rate.<\/p>\n<p>The monthly drop was entirely because of a slacking off in public construction. Spending on private construction in January was 0.2 percent above the revised December estimate, the bureau noted. By contrast, public construction spending was down 5 percent for the month.<\/p>\n<p>Total residential construction spending eked out a 0.3 percent gain for the month, but was still up 5.5 percent for the year. Nonresidential construction spending, on the other hand, dropped 1.9 percent in January compared with December. Year-over-year, nonresidential construction spending gained 1.5 percent.<\/p>\n<p>In the nonresidential sector, spending on office projects was off in January, down 1.7 percent. That might be a pause, since the annual increase for office projects was 28.8 percent, the largest annual gain for any property type. Spending on lodging construction likewise was robust, year-over-year, with a 22.2 percent gain compared with January 2016.<\/p>\n<p>Construction spending for such projects as transportation, public safety, waste disposal and water supply\u2014mostly representing public spending\u2014all dropped siably since last year. More than 10 percent in all cases, and more than 20 percent in some cases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The monthly drop was largely due to a decrease in public construction, the Census Bureau noted.<\/p>\n","protected":false},"author":1023,"featured_media":1004168047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[32915],"class_list":["post-1004168044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-united-states-census-bureau"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Construction Spending Dips in January - 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-dips-in-january\/\" \/>\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 Dips in January\" \/>\n<meta property=\"og:description\" content=\"The monthly drop was largely due to a decrease in public construction, the Census Bureau noted.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-dips-in-january\/\" \/>\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=\"2017-03-02T13:51:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T01:09:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Census-Bureau-construction-spending-0117.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"590\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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-dips-in-january\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-dips-in-january\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Construction Spending Dips in January\",\"datePublished\":\"2017-03-02T13:51:10+00:00\",\"dateModified\":\"2022-12-05T01:09:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-dips-in-january\\\/\"},\"wordCount\":232,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-dips-in-january\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/03\\\/Census-Bureau-construction-spending-0117.jpg\",\"keywords\":[\"United States Census Bureau\"],\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-dips-in-january\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-dips-in-january\\\/\",\"name\":\"Economy Watch: Construction Spending Dips in January - 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