January’s construction-put-in-place value was a seasonally adjusted rate of $931 billion, according to the Census Bureau. This number is down 0.3% compared to December 2003’s record $934 billion, but up 5.4% from January 2003.
As far as individual sectors are concerned, private nonresidential construction fell 1.7% from the December and 1.5% from January 2003. Public construction was 0.2% higher than in December and less than 0.1% below the January 2003 level. Private residential construction was even with December, but up 11.4% from January 2003.