Census Bureau: Lodging, Office and Commercial Construction Grew in 2016

WASHINGTON, March 1, 2017 /PRNewswire-USNewswire/ -- 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 the largest 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.

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SOURCE U.S. Census Bureau