U.S. construction spending rises

WASHINGTON — The U.S. Census Bureau announced that construction spending during December 2015 was estimated at a seasonally adjusted annual rate of $1,116.6 billion, 0.1% above the revised November estimate of $1,116 billion. The December figure is 8.2% above the December 2014 estimate of $1,031.6 billion. The value of construction in 2015 was $1,097.3 billion, 10.5% above the $993.4 billion spent in 2014.