The 2020 Mid-Year Economic Update_long

Construction Spending Down in July

Construction spending during July 2007 was estimated at a seasonally adjusted annual rate of $1,169.1 billion, 0.4 percent below the revised June estimate of $1,173.2 billion. &nbsp ; The July figure is 2.0 percent below the July 2006 estimate of $1,192.9 billion.
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During the first 7 months of this year, construction spending amounted to $657.7 billion, 3.4 percent below the $680.9 billion for the same period in 2006.
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Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $880.1 billion, 0.7 percent below the revised June estimate of $886.3 billion. Residential construction was at a seasonally adjusted annual rate of $534.0 billion in July, 1.4 percent below the revised June estimate of $541.8 billion. ...

Construction spending during July 2007 was estimated at a seasonally adjusted annual rate of $1,169.1 billion, 0.4 percent below the revised June estimate of $1,173.2 billion. &nbsp ; The July figure is 2.0 percent below the July 2006 estimate of $1,192.9 billion.
&nbsp ;
During the first 7 months of this year, construction spending amounted to $657.7 billion, 3.4 percent below the $680.9 billion for the same period in 2006.
&nbsp ;
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $880.1 billion, 0.7 percent below the revised June estimate of $886.3 billion. Residential construction was at a seasonally adjusted annual rate of $534.0 billion in July, 1.4 percent below the revised June estimate of $541.8 billion. Nonresidential construction was at a seasonally adjusted annual rate of $346.0 billion in July, 0.4 percent above the revised June estimate of $344.5 billion.
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Public Construction
In July, the estimated seasonally adjusted annual rate of public construction spending was $289.0 billion, 0.7 percent above the revised June estimate of $287.0 billion. Educational construction was at a seasonally adjusted annual rate of $83.0 billion, 1.9 percent above the revised June estimate of $81.5 billion. Highway construction was at a seasonally adjusted annual rate of $74.3 billion, 0.8 percent below the revised June estimate of $74.9 billion.

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