Construction spending in the United States increased by 1 percent in January. This is said to be caused by the costs paid to government projects.

According to data from the US Department of Commerce; In February, construction spending in America increased by 1 percent. In January, it increased by 2.5 percent. Total construction costs were up to 1.32 trillion dollars, the highest season since May.

In addition, housing construction increased by 0.7 percent. Government construction increased by 3.8 percent to $ 303 billion.

Private housing projects increased by 0.5 percent in February. Office construction rates decreased by 0.4 percent. Expenditure on hotel constructions provided a 0.1 percent gain.

In 2018, construction expenditures increased by 3.9 percent to $ 1.29 trillion.


Sevdenur Demir / [email protected]