.jpg?width=1920&height=1920&fit=bounds&quality=80&format=jpg&auto=webp#)
![Gay Catholic United Flight Attendant Axed After ‘Sex Is Unchangeable’ Remark—Raises Enough Money To Sue [Roundup]](https://viewfromthewing.com/wp-content/uploads/2025/02/DALL·E-2025-02-03-08.46.00-A-high-contrast-digital-montage-combining-aviation-Catholic-symbolism-and-legal-imagery___-Central-figure_-A-stern-looking-male-flight-attendant-in.webp?#)
Construction Spending Increased 0.5% in December
From the Census Bureau reported that overall construction spending increased: Construction spending during December 2024 was estimated at a seasonally adjusted annual rate of $2,192.2 billion, 0.5 percent above the revised November estimate of $2,180.3 billion. The December figure is 4.3 percent above the December 2023 estimate of $2,101.3 billion. The value of construction in 2024 was $2,154.4 billion, 6.5 percent above the $2,023.7 billion spent in 2023. emphasis addedPrivate spending increased and public spending decreased: Spending on private construction was at a seasonally adjusted annual rate of $1,688.5 billion, 0.9 percent above the revised November estimate of $1,674.1 billion. ... In December, the estimated seasonally adjusted annual rate of public construction spending was $503.6 billion, 0.5 percent below the revised November estimate of $506.2 billion. Click on graph for larger image. This graph shows private residential and nonresidential construction spending, and public spending, since 1993. Note: nominal dollars, not inflation adjusted. Private residential (red) spending is 4.2% below the peak in 2022. Private non-residential (blue) spending is at a new peak. Public construction spending is 0.6% below the peak in October 2024. The second graph shows the year-over-year change in construction spending. On a year-over-year basis, private residential construction spending is up 6.0%. Private non-residential spending is up 2.3% year-over-year. Public spending is up 4.3% year-over-year. This was above consensus expectations and spending for the previous two months was revised up.
From the Census Bureau reported that overall construction spending increased:
Click on graph for larger image.
This graph shows private residential and nonresidential construction spending, and public spending, since 1993. Note: nominal dollars, not inflation adjusted.
Private residential (red) spending is 4.2% below the peak in 2022.
Private non-residential (blue) spending is at a new peak.
Public construction spending is 0.6% below the peak in October 2024.
The second graph shows the year-over-year change in construction spending.
On a year-over-year basis, private residential construction spending is up 6.0%. Private non-residential spending is up 2.3% year-over-year. Public spending is up 4.3% year-over-year.
Construction spending during December 2024 was estimated at a seasonally adjusted annual rate of $2,192.2 billion, 0.5 percent above the revised November estimate of $2,180.3 billion. The December figure is 4.3 percent above the December 2023 estimate of $2,101.3 billion.Private spending increased and public spending decreased:
The value of construction in 2024 was $2,154.4 billion, 6.5 percent above the $2,023.7 billion spent in 2023.
emphasis added
Spending on private construction was at a seasonally adjusted annual rate of $1,688.5 billion, 0.9 percent above the revised November estimate of $1,674.1 billion. ...
In December, the estimated seasonally adjusted annual rate of public construction spending was $503.6 billion, 0.5 percent below the revised November estimate of $506.2 billion.
Click on graph for larger image.This graph shows private residential and nonresidential construction spending, and public spending, since 1993. Note: nominal dollars, not inflation adjusted.
Private residential (red) spending is 4.2% below the peak in 2022.
Private non-residential (blue) spending is at a new peak.
Public construction spending is 0.6% below the peak in October 2024.
The second graph shows the year-over-year change in construction spending.On a year-over-year basis, private residential construction spending is up 6.0%. Private non-residential spending is up 2.3% year-over-year. Public spending is up 4.3% year-over-year.
This was above consensus expectations and spending for the previous two months was revised up.
