Construction Spending Declines In August first appeared on Floating Path.
Total U.S. construction spending during August was estimated at a seasonally adjusted annual rate of $960.9 billion. That is 0.8% below the revised July estimate, and 5.0% above the August 2013 estimate.
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Private residential construction spending was at an annual rate of $351.7 billion, which is 0.1% below the prior month and 3.7% above the same month a year ago.
Private nonresidential construction was at an annual rate of $333.3 billion, which is 1.4% below the prior month and 9.2% above the same month a year ago.
Public construction spending was at a seasonally adjusted annual rate of $275.9 billion, which is 0.9% below the prior month and 1.9% above the same month a year ago.