Construction spending in June was at a seasonally adjusted annual rate of $1,205.8 billion, a 1.3 percent decrease compared with the May rate of $1,221.6 billion but 1.6 percent higher than the June 2016 rate of $1,186.4 billion, according to the U.S. Census Bureau.
Private construction spending in June was at a seasonally adjusted annual rate of $940.7 billion, a 0.1 percent decrease from May’s $941.3 billion. Residential construction was at a rate of $502.9 billion, 0.2 percent down from May’s rate of $504 billion. Nonresidential construction was at a rate of $437.8 billion, 0.1 percent from May’s rate of $437.3 billion.
Public construction was at a rate of $265.1 billion, 5.4 percent down from May’s $280.3 billion.
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