November 22, 2024 3:03 am
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U.S. construction volume slips in January

construction down

By construction downEric Jay Toll | Phoenix Business Journal

U.S. construction volume just can’t get back on the trillion-dollar track.

January construction numbers from the U.S. Census Bureau slipped 1.1 percent from December to January for an annual pace of $971 billion.

In December, the annual pace for construction topped $980 billion. 2015 is on a pace 1.8 percent higher than a year ago. The bureau’s numbers take monthly data and project them for the next 12 months to determine the annual volume pace.

Monthly construction volume has been trending downward since an August peak of $60.9 billion. January’s numbers are nearly $10 billion less.

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