Construction Spending Up 1.4% in August

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The U.S. government is reporting that total construction spending in August was at a seasonally adjusted annual rate of $1,412.8 billion, which is 1.4% above than July’s revised estimate.  In addition, August’s figure was 2.5% higher than August, 2019.  Residential construction was at a seasonally adjusted annual rate of $589.4 billion in August, which is 3.7% higher than July’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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