WASHINGTON — Construction spending was up 1.5% to a seasonally adjusted estimated annual rate of $816.4 billion in December, the highest level since April 2010, when it was $819.7 billion, the Commerce Department reported Wednesday.

The December rate was up from the revised November estimate of $804.0 billion and 4.3% above the December 2010 estimate of $782.9 billion.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.