US Construction Spending Misses Expectations in December

Construction continues on a large multi-unit housing development in San Diego, Calif., on Sept. 20, 2021. Mike Blake/Reuters

WASHINGTON—U.S. construction spending increased less than expected in December as a solid rise in private projects was partially offset by a sharp decline in outlays on public projects.

The Commerce Department said on Tuesday that construction spending rose 0.2 percent after advancing 0.6 percent in November.