{"id":1004202324,"date":"2018-01-04T06:06:23","date_gmt":"2018-01-04T14:06:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004202324"},"modified":"2022-12-08T11:11:20","modified_gmt":"2022-12-08T19:11:20","slug":"economy-watch-construction-spending-up-in-2017","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-up-in-2017\/","title":{"rendered":"Economy Watch: Construction Spending Up in 2017"},"content":{"rendered":"<p>By D.C. Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004202334\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Census-Bureau-construction-spending-1117.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004202334\" data-attachment-id=\"1004202334\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-up-in-2017\/census-bureau-construction-spending-1117\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Census-Bureau-construction-spending-1117.jpg\" data-orig-size=\"494,335\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1515056688&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 1117\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: U.S. Census Bureau, Monthly Construction Spending, November 2017&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Census-Bureau-construction-spending-1117.jpg?w=494\" class=\"size-medium wp-image-1004202334\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Census-Bureau-construction-spending-1117.jpg\" alt=\"Source: U.S. Census Bureau, Monthly Construction Spending, November 2017\" width=\"300\" height=\"203\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Census-Bureau-construction-spending-1117.jpg 494w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Census-Bureau-construction-spending-1117.jpg?resize=300,203 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004202334\" class=\"wp-caption-text\">Source: U.S. Census Bureau, Monthly Construction Spending, November 2017<\/p><\/div>\n<p>U.S. construction spending during November 2017 came in at an annualized rate of $1.26 trillion, or 0.8 percent above the revised October figure, according to a U.S. Census Bureau report released Jan. 3. The November figure is also 2.4 percent above the November 2016 total of $1.23 trillion. During the first 11 months of 2017, construction spending nationwide amounted to $1.14 trillion, 4.2 percent more than for the same period in 2016.<\/p>\n<p>Both private and public spending for construction projects increased. Spending on private construction in November was 1 percent above the revised October total, and 2.6 percent higher than a year earlier. Spending on public construction projects was up 0.2 percent for the month and 1.8 percent for the year.<\/p>\n<p>Spending on private single-family residential projects gained 1.9 percent for the month and a strong 8.9 percent for the year. The picture was pretty much the opposite for multifamily construction spending, which was down 1.3 percent for the month, but also down 1.7 percent for the year.<\/p>\n<p>In the non-residential sector, spending on office projects, while up 5.5 percent for month, dropped 6.9 percent for the year. By contrast, the Census Bureau category &#8220;commercial&#8221; (which includes industrial development) was up 1.2 percent for the month and a robust 8.2 percent for the year. Health care likewise had a strong year-over-year increase, up 8.8 percent. Spending on hotel projects eked out a 0.6 percent gain for the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the first 11 months of 2017, construction spending nationwide amounted to $1.14 trillion, 4.2 percent more than for the same period in 2016, the U.S. Census Bureau reported.<\/p>\n","protected":false},"author":1023,"featured_media":1004202334,"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":[35831,32915],"class_list":["post-1004202324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-construction-spending","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 Up in 2017 - 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-up-in-2017\/\" \/>\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 Up in 2017\" \/>\n<meta property=\"og:description\" content=\"During the first 11 months of 2017, construction spending nationwide amounted to $1.14 trillion, 4.2 percent more than for the same period in 2016, the U.S. Census Bureau reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-up-in-2017\/\" \/>\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=\"2018-01-04T14:06:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:11:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Census-Bureau-construction-spending-1117.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"494\" \/>\n\t<meta property=\"og:image:height\" content=\"335\" \/>\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-up-in-2017\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-up-in-2017\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Construction Spending Up in 2017\",\"datePublished\":\"2018-01-04T14:06:23+00:00\",\"dateModified\":\"2022-12-08T19:11:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-up-in-2017\\\/\"},\"wordCount\":242,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-up-in-2017\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/01\\\/Census-Bureau-construction-spending-1117.jpg\",\"keywords\":[\"construction spending\",\"United States Census Bureau\"],\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-up-in-2017\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-up-in-2017\\\/\",\"name\":\"Economy Watch: Construction Spending Up in 2017 - 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