Construction spending in July 2010 was estimated at a seasonally adjusted annual rate of $805.2 billion, 1 percent below June and 10.7 percent below July 2009, according to the U.S. Census Bureau of the Department of Commerce.
We Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email. |
For the first seven months, construction spending was $460.3 billion, 11.8 percent below the same period a year ago.
Spending on private construction was at a seasonally adjusted annual rate of $506.4 billion, 0.8 percent below the revised June estimate of $510.7 billion. Residential construction was at a seasonally adjusted annual rate of $240.3 billion in July, 2.6 percent below the revised June estimate. Nonresidential construction was at a seasonally adjusted annual rate of $266.1 billion in July, 0.8 percent above June.
In July, the estimated seasonally adjusted annual rate of public construction spending was $298.8 billion, 1.2 percent below June. Educational construction was at a seasonally adjusted annual rate of $73.0 billion, 0.1 percent below the revised June estimate. Highway construction was $76.8 billion, 2.9 percent below June.
Download the pdf below for more details.