Total U.S. Construction Spending Up 5.8% from 2017


The U.S. government is reporting that total construction spending in July was estimated at $1,315.4 billion, which is 0.1% higher than June’s revised estimate and 5.8% higher than July, 2017.  Residential construction was at a seasonally adjusted annual rate of $560.1 billion in July, 0.6% higher than June’s revised estimate.

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Director of Education & Outreach, National Real Estate Investors Association