June Construction Spending Up 0.1% YOY

Washington, DC, August 3, 2020-Construction spending during June 2020 was estimated at a seasonally adjusted annual rate of $1,355.2 billion, 0.7% below the revised May estimate of $1,364.7 billion, according to the U.S. Census Bureau, but 0.1% above the June 2019 estimate of $1,354.1 billion. During the first six months of this year, construction spending amounted to $667.9 billion, 5.0% above the $636.0 billion for the same period in 2019.

Spending on private construction was at a seasonally adjusted annual rate of $1,001.9 billion, 0.7% below the revised May estimate of $1,009.0 billion. Residential construction was at a seasonally adjusted annual rate of $534.2 billion in June, 1.5% below the revised May estimate of $542.1 billion. Nonresidential construction was at a seasonally adjusted annual rate of $467.7 billion in June, 0.2% above the revised May estimate of $466.9 billion.

In June, the estimated seasonally adjusted annual rate of public construction spending was $353.3 billion, 0.7% below the revised May estimate of $355.8 billion. Educational construction was at a seasonally adjusted annual rate of $85.8 billion, 2.7% below the revised May estimate of $88.2 billion. Highway construction was at a seasonally adjusted annual rate of $102.6 billion, 1.7% below the revised May estimate of $104.4 billion.