National Association of Home Builders

Construction Spending Up 10.2% in 2022

According to the U.S. Census Bureau, construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8 billion, 0.4% (± 0.8%) below the revised November estimate. The December figure is 7.7% (±1.2%) above the December 2021 estimate. The value of construction in 2022 was $1,792.9 billion, 10.2% (±0.8%) above the $1,626.4 billion spent in 2021. In…