EconoIndicators

Construction Spending At a Glance

• Total Construction Spending: $1,084.4billion
• Monthly Change: Down 0.6%
• Year-to-year Change: Down 4.8%
• Private Residential Spending: $357.8 billion
• Monthly Change: Down 2.3%
• Private Non-residential: $416.8 billion
• Monthly Change: Down 0.7%

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JULY 2008 CONSTRUCTION AT $1,084.4 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during July 2008

was estimated at a seasonally adjusted annual rate of $1,084.4 billion, 0.6 percent (±1.4%)* below the revised June

estimate of $1,091.3 billion. The July figure is 4.8 percent (±2.1%) below the July 2007 estimate of $1,139.4 billion.

During the first 7 months of this year, construction spending amounted to $614.2 billion, 5.4 percent (±1.6%) below the

$649.5 billion for the same period in 2007.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $774.6 billion, 1.4 percent (±1.1%) below the

revised June estimate of $785.9 billion. Residential construction was at a seasonally adjusted annual rate of $357.8 billion

in July, 2.3 percent (±1.3%) below the revised June estimate of $366.1 billion. Nonresidential construction was at a

seasonally adjusted annual rate of $416.8 billion in July, 0.7 percent (±1.1%)* below the revised June estimate of $419.8

billion.

PUBLIC CONSTRUCTION

In July, the estimated seasonally adjusted annual rate of public construction spending was $309.7 billion, 1.4 percent

(±2.2%)* above the revised June estimate of $305.4 billion. Educational construction was at a seasonally adjusted annual

rate of $87.4 billion, 2.5 percent (±4.3%)* above the revised June estimate of $85.3 billion. Highway construction was at

a seasonally adjusted annual rate of $76.0 billion, nearly the same as (±5.6%)* the revised June estimate of $76.0 billion.

Construction Spending – July 2008 [PDF]

Construction Spending – July 2008 [Excel]

Source: Commerce Department, Census Bureau