EconoIndicators / Construction Spending

Construction Spending - July 2007

Construction Spending At a Glance

Total Construction Spending: $1,169.1 billion
Monthly Change: Down 0.4%
Year-to-year Change: Down 2%
Private Residential Spending: $534.0 billion
Monthly Change: Down 1.4%
Private Non-residential: $346.0 billion
Monthly Change: Up 0.4%

JULY 2007 CONSTRUCTION AT $1,169.1 BILLION ANNUAL RATE
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during July 2007
was estimated at a seasonally adjusted annual rate of $1,169.1 billion, 0.4 percent (±1.6%)* below the revised June
estimate of $1,173.2 billion. The July figure is 2.0 percent (±2.4%)* below the July 2006 estimate of $1,192.9 billion.
During the first 7 months of this year, construction spending amounted to $657.7 billion, 3.4 percent (±1.6%) below the
$680.9 billion for the same period in 2006.
PRIVATE CONSTRUCTION
Spending on private construction was at a seasonally adjusted annual rate of $880.1 billion, 0.7 percent (±1.1%)* 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 (±1.3%) 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 (±1.1%)* above the revised June estimate of $344.5
billion.
PUBLIC CONSTRUCTION
In July, the estimated seasonally adjusted annual rate of public construction spending was $289.0 billion, 0.7 percent
(±2.7%)* 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 (±4.2%)* 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 (±7.0%)* below the revised June estimate of $74.9 billion.

Construction Spending July 2007 [PDF]

Construction Spending July 2007 [Excel]

Source: Commerce Department, Census Bureau

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