July Construction Up 9.3 Percent from July 2011

September 6th, 2012 by DWM Magazine

July construction was estimated at a seasonally adjusted annual rate of $834.4 billion, up 9.3 percent above the July 2011 estimate of $763.5 billion, according to the latest report from the U.S. Census Bureau. However, construction was down 0.9 percent from June 2012’s estimate of $842.2 billion.

Spending on private construction for the month was at a seasonally adjusted annual rate of $558.7 billion, 1.2 percent below the revised June estimate of $565.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $294.1 billion in July, 0.9 percent below the revised June estimate of $296.7 billion. Residential construction was at a seasonally adjusted annual rate of $264.6 billion in July, 1.6 percent below the revised June estimate of $268.9 billion, according to the report.

For the month of July, the estimated seasonally adjusted annual rate of public construction spending was $275.7 billion, 0.4 percent below the revised June estimate of $276.7 billion. Educational construction was at a seasonally adjusted annual rate of $66.0 billion, 0.6 percent below the revised June estimate of $66.4 billion.

 

Tags:


Leave Comment

Current ye@r *