Construction Spending Rose 0.7% in July, 13.7% YOY

Washington, DC, September 2, 2015—Construction spending during July 2015 was estimated at a seasonally adjusted annual rate of $1,083.4 billion, 0.7% above the revised June estimate of $1,075.9 billion, according to the The U.S. Census Bureau of the Department of Commerce.

The July figure is 13.7% above the July 2014 estimate of $952.5 billion.

During the first seven months of this year, construction spending amounted to $583.2 billion, 9.3% above the $533.7 billion for the same period in 2014.

Spending on private construction was at a seasonally adjusted annual rate of $787.8 billion, 1.3% above the revised June estimate of $777.4 billion.

Residential construction was at a seasonally adjusted annual rate of $380.8 billion in July, 1.1% above the revised June estimate of $376.6 billion.

Nonresidential construction was at a seasonally adjusted annual rate of $407.0 billion in July, 1.5% above the revised June estimate of $400.8 billion.

In July, the estimated seasonally adjusted annual rate of public construction spending was $295.6 billion, 1.0% below the revised June estimate of $298.5 billion.

Educational construction was at a seasonally adjusted annual rate of $66.4 billion, 3.0% below the revised June estimate of $68.4 billion.

Highway construction was at a seasonally adjusted annual rate of $90.3 billion, 0.2% below the revised June estimate of $90.5 billion.