Construction spending in August 2011 was estimated at a seasonally adjusted annual rate of $799.1 billion, 1.4 percent above July and 0.9 percent above August 2010, according to the U.S. Census Bureau of the Department of Commerce.
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During the first eight months of this year, construction spending amounted to $511.4 billion, 3 percent below the same period in 2010.
Spending on private construction was at a seasonally adjusted annual rate of $511 billion, 0.4 percent above July. Residential construction was at a seasonally adjusted annual rate of $237.8 billion in August, 0.7 percent above July. Nonresidential construction was at a seasonally adjusted annual rate of $273.1 billion in August, 0.2 percent above July.
In August, the estimated seasonally adjusted annual rate of public construction spending was $288.2 billion, 3.1 percent above July. Educational construction was at a seasonally adjusted annual rate of $72.7 billion, 4.3 percent above July. Highway construction was at a seasonally adjusted annual rate of $80.2 billion, 3.5 percent above July.
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