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In The News:

June Construction Spending Up 0.4% Over May

August 1, 2012
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Construction spending during June 2012 was estimated at a seasonally adjusted annual rate of $842.1 billion, 0.4 percent above the revised May estimate of $838.3 billion, according to the U.S. Census Bureau of the Department of Commerce. The June figure is 7 percent above the June 2011 estimate of $786.8 billion.

During the first six months of this year, construction spending amounted to $387.1 billion, 9 percent above the $355.1 billion for the same period in 2011.

Spending on private construction was at a seasonally adjusted annual rate of $567.9 billion, 0.7 percent above the revised May estimate of $564.2 billion. Residential construction was at a seasonally adjusted annual rate of $265.6 billion in June, 1.3 percent above the revised May estimate of $262.1 billion. Nonresidential construction was at a seasonally adjusted annual rate of $302.3 billion in June, 0.1 percent above the revised May estimate of $302.1 billion.

In June, the estimated seasonally adjusted annual rate of public construction spending was $274.2 billion, nearly the same as the revised May estimate of $274.1 billion. Educational construction was at a seasonally adjusted annual rate of $65.7 billion, 1.4 percent below the revised May estimate of $66.6 billion. Highway construction was at a seasonally adjusted annual rate of $80.4 billion, 1.5 percent above the revised May estimate of $79.3 billion.

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