• Construction spending 0.2% versus 0.7% estimate.
• Prior month 0.7% revised to 1.0%
• year on year gain in construction spending is 9.0%
• value of construction in 2021 was $1589.0 billion which is 8.2% above the $1469.2 billion spent in 2020
• private construction rose 0.7%
• residential construction rose 1.1%
• nonresidential construction was unchanged
• total private construction in 2021 rose 12.2%
• residential construction 2021 rose 23.2%
• nonresidential construction in 2021 rose 2.3%
• public construction fell 1.6% in December
• public construction in 2021 fell -4.2% from 2020 end of your levels