Construction spending in June was at a seasonally adjusted annual rate of $1,133.5 billion, 0.6 percent below the May rate of $1,140.9 billion, but 0.3 percent above the June 2015 rate of $1,130.5 billion, according to the U.S. Census Bureau.
Construction spending in June was at a seasonally adjusted annual rate of $1,133.5 billion, 0.6 percent below the May rate of $1,140.9 billion, but 0.3 percent above the June 2015 rate of $1,130.5 billion, according to the U.S. Census Bureau.
Private construction spending in June was at a seasonally adjusted annual rate of $851.0 billion, 0.6 percent below the May estimate of $856.6 billion.
Residential construction in June was at a seasonally adjusted annual rate of $445.8 billion, nearly the same as the May rate of $445.9 billion. Nonresidential construction in June was at a seasonally adjusted annual rate of $405.2 billion, 1.3 percent lower than the May rate of $410.7 billion.
