The U.S. government is reporting that total construction spending in June was estimated at a seasonally adjusted annual rate of $1.3 trillion, which is 1.1% lower than May’s revised estimate but is 6.1% higher than June, 2017. During the first six months of this year, construction spending amounted to $619.9 billion, which is 5.1% more than the same period in 2017. In addition, residential construction was at a seasonally adjusted annual rate of $568.3 billion in June, which is 0.5% below May’s revised estimate.
Click here to read the full report on census.gov.
