Construction Spending Down Slightly in June

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The U.S. government is reporting that total construction spending in June was at a seasonally adjusted annual rate of $1,355.2 billion, which is 0.7% lower than May’s revised estimate.  However, June’s figure was 0.1% higher than June, 2019.  Residential construction was at a seasonally adjusted annual rate of $534.2 billion in June, which is 1.5% lower than May’s revised estimate.

Click here to read the full report at Census.gov.

 

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Director of Education & Outreach, National Real Estate Investors Association

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