Construction Spending Rises 0.9 Percent In December With Year-over-Year Increases Among All Project Types But Mixed Results For The Month

Demand Appears Strong on Balance Heading into 2024 but Persistent Shortage of Skilled Workers, Lagging Federal Investments in Infrastructure, and Tighter Financing Conditions May Limit Growth in Outlays Total construction spending increased by 0.9 percent in December and 13.9 percent year-over-year, as gains in residential and public segments offset mixed...