The U.S. Census Bureau reports that construction spending during July 2013 was estimated at a seasonally adjusted annual rate of $900.8 billion, 0.6% above the revised June estimate of $895.7 billion. The July figure is 5.2% above the July 2012 estimate of $856.3 billion.
Private residential construction spending was at a SAAR of $334.6 billion in July, 0.6% above the revised June estimate of $332.7 billion. Private residential construction is now up 21.8% year over year.
Private nonresidential construction spending was at a SAAR of $296.8 billion in July, 1.3% above the revised June estimate of $293.0 billion. Private nonresidential construction is now down 0.3% from a year ago.
Total public construction spending was at a SAAR of $269.4 billion in July, 0.3% below the revised June estimate of $270.1 billion. Total public construction spending is now down 1.8% year over year.
Via: floatingpath.com
