August construction spending was at a seasonally adjusted annual rate of $1,142.2 billion, 0.7 percent below the July rate of $1,150.6 billion and 0.3 percent below the August 2015 rate of $1,145.2 billion, according to the United States Census Bureau.
August construction spending was at a seasonally adjusted annual rate of $1,142.2 billion, 0.7 percent below the July rate of $1,150.6 billion and 0.3 percent below the August 2015 rate of $1,145.2 billion, according to the United States Census Bureau.
Private construction spending in August was at a seasonally adjusted annual rate of $871.6 billion, 0.3 percent down from July’s rate of $874.6 billion. Residential construction was at a seasonally adjusted annual rate of $449.2 billion, 0.3 percent below the $450.4 billion rate in July. Nonresidential construction was at a rate of $422.4 billion, 0.4 percent down from July’s rate of $424.2 billion.
