Health Care Construction a Big Winner in 2017

Posted To: MND NewsWire

Construction spending wound up the year with positive numbers for December and an increase in overall spending for the year . The U.S. Census Bureau tallied up the dollars spent for privately and publicly funded construction across all sectors at $1.231 trillion. This is a 3.8 percent advance over the $1.186 trillion spent in 2016. Overall construction dollars spend in December were estimated at a seasonally adjusted annual rate of $1.253 trillion, up 0.7 percent from November, and 2.6 percent higher than a year earlier. The year’s biggest gain was in health care construction , up 13.5 percent year-over-year, while construction for sewage and waste disposal lost the most ground, down 13.5 percent. On a non-seasonally adjusted basis, a total of $95.310 billion was spent on construction in December…(read more)

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