July Construction Spending Rises A Bit

Jan. 13, 2005
By John S. McClenahen According to data released on Sept. 1, the U.S. Commerce Department figures that construction put in place across the U.S. during July was at a seasonally adjusted annual arte of $997.2 billion, four-tenths of a percentage point ...
ByJohn S. McClenahen According to data released on Sept. 1, the U.S. Commerce Department figures that construction put in place across the U.S. during July was at a seasonally adjusted annual arte of $997.2 billion, four-tenths of a percentage point higher than June's rate. Spending on private homes and such non-residential construction as offices and manufacturing plants was at a seasonally adjusted annual rate of $758.3 billion, four-tenths of a percentage point above the revised June figure of $755.3 billion. Residential construction was at a rate of $537.5 billion in July; non-residential construction was at a rate of $220.8 billion. The Commerce Department's estimated seasonally adjusted annual rate for public construction in July was $238.9 billion, up six-tenths of a percentage point from June's rate of $237.6 billion.

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