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January Construction at $791.8 Billion03-04-11 | News

January Construction at $791.8 Billion

The January figure is 5.9 percent below the January 2010 estimate of $841 billion for construction spending. Courtesy of David Evans Pictures, University of Virginia Department of Computer Science

Construction spending during January 2011 was estimated at a seasonally adjusted annual rate of $791.8 billion, 0.7 percent below the revised December estimate of $797.6 billion. This shows the economic recovery is still taking a long time.