Construction Spending Up Slightly in July

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The U.S. government is reporting that total construction spending in July was estimated at a seasonally adjusted annual rate of $1,288.8 billion, which was 0.1% above June’s revised rate.  Residential construction was at a seasonally adjusted annual rate of $506.7 billion in July, 0.6% than June’s revised estimate.

Click here to read the full report at the U.S. Census Bureau.

 

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Director of Education & Outreach, National Real Estate Investors Association