U.S. construction spending has come a long way since the financial crisis that hit America in 2008, according to a report the U.S. Census Bureau of the Department of Commerce released on Monday.
Construction spending rebounded slightly in December, helping push total spending for 2015 to the highest level in eight years. The report estimated construction spending during December 2015 at a seasonally adjusted annual rate of $1,116.6 billion, just 0.1% above the revised November estimate.
The value of all construction put in place in 2015 was $1,097.3 billion, 10.5% above the $993.4 billion spent in 2014.
The full report can be found on the Census website.