US Construction Spending Surges in January on Homebuilding

Charles Carmickle reaches to grab sandwiches to give away to nearby construction workers repairing a home after tornadoes ripped through several U.S. states in December in Mayfield, Ky., on Jan. 28, 2022. Jonathan Cherry/Reuters

WASHINGTON—U.S. construction spending surged in January, boosted by strong outlays on single-family homebuilding and private nonresidential structures.

The Commerce Department said on Tuesday that construction spending increased 1.3 percent. Data for December was revised higher to show construction outlays rising 0.8 percent instead of 0.2 percent as previously reported.