Construction Spending Up in June on Public Construction Rise

Washington, DC, August 3, 2015—Construction spending during June 2015 was estimated at a seasonally adjusted annual rate of $1,064.6 billion, 0.1% above the revised May estimate of $1,063.5 billion, according to the U.S. Census Bureau of the Department of Commerce.

The June figure is 12.0% above the June 2014 estimate of $950.3 billion.

During the first six months of this year, construction spending amounted to $482.7 billion, 8.0% above the $446.8 billion for the same period in 2014.

Spending on private construction was at a seasonally adjusted annual rate of $766.4 billion, 0.5% below the revised May estimate of $770.0 billion. Residential construction was at a seasonally adjusted annual rate of $371.6 billion in June, 0.4% above the revised May estimate of $370.0 billion. Nonresidential construction was at a seasonally adjusted annual rate of $394.8 billion in June, 1.3% below the revised May estimate of $400.0 billion.

In June, the estimated seasonally adjusted annual rate of public construction spending was $298.2 billion, 1.6% above the revised May estimate of $293.5 billion. Educational construction was at a seasonally adjusted annual rate of $67.2 billion, 0.2% above the revised May estimate of $67.1 billion. Highway construction was at a seasonally adjusted annual rate of $90.9 billion, 1.2% above the revised May estimate of $89.8 billion.