![Total U.S. construction spending put in place rose 1.5% in January to a seasonally adjusted annual rate of $1,140.8 billion, rising more than 10% above January 2015 levels. Public spending jumped 4.5% during the month, while private spending rose just 0.5%, restrained by flat residential outlays.](https://img.forconstructionpros.com/files/base/acbm/fcp/image/2016/03/03012016_ConstSpend.56d5e35f6e7e2.png?auto=format%2Ccompress&fit=crop&h=288&q=70&w=512)
Total U.S. construction spending put in place rose 1.5% in January to a seasonally adjusted annual rate of $1,140.8 billion, rising more than 10% above January 2015 levels. Public spending jumped 4.5% during the month, while private spending rose just 0.5%, restrained by flat residential outlays.
Construction spending soared in January from a month earlier and all major segments posted hefty year-over-year gains, pushing the total to the highest level since October 2008, according to an analysis by the Associated General Contractors of America. Association officials said the new spending figures indicate that demand for construction remains robust amid broader economic concerns.