Construction in U.S. Sags A Bit In July

Sept. 1, 2005
Although outlays were down $400 million from June's rate, overall spending on construction across the U.S. in July again comfortably broke the trillion-dollar mark -- on a seasonally adjusted annual basis. July's spending was $99.3 billion above the ...

Although outlays were down $400 million from June's rate, overall spending on construction across the U.S. in July again comfortably broke the trillion-dollar mark -- on a seasonally adjusted annual basis.

July's spending was $99.3 billion above the trillion-dollar level. In June, spending had topped the trillion-dollar mark by $99.7 billion.

Spending on private construction, which includes both residential and non-residential building, was at a seasonally adjusted annual rate of $856.2 billion in July, two-tenths of a percentage point higher than June's revised figure of $854.5 billion.

Spending on public construction, which includes schools and highways, was at a seasonally adjusted annual rate of $243.2 billion in July, eight-tenths of a percentage point below June's revised rate $245.2 billion.

Popular Sponsored Recommendations

Your Industry 4.0 Journey

Sept. 24, 2023
When It Comes to Industry 4.0, the Journey is the Destination. Industry 4.0 must be embraced as a long-term, strategic mindset of digital transformation that dynamically alters...

Five Ways Aerospace and Defense MRO Can Prepare for the New Normal!

Dec. 6, 2023
The right tools can help A&D suppliers track the essentials & ultimately, boost their margins. Advanced analytics can also help determine the profitability of contracts, drive...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!