Census: 2012 was three-year high for construction spending
Construction spending in 2012 hit a three-year high, according to preliminary figures from the U.S. Census Bureau.
Total construction was valued at $850.2 billion, up from $778.2 billion in 2011.
Of that total, $283.4 billion was linked to residential, the highest since 2008, according to the Census.
Multifamily construction was valued at $21.3 billion, an increase from $14.8 billion in 2011.
By comparison, single-family housing construction came in at $129.2 billion, which was up from $108.2 billion in 2011.
The preliminary figures valued nonresidential construction at $566.8 billion last year, the highest since 2009.
Here is a breakdown of annual construction values since 2002: