The U.S. government is reporting that total construction spending in June, 2024 was at a seasonally adjusted annual rate of $2,148.4 billion, which is 0.3% lower than May’s revised number. However, June’s revised estimate is 6.2% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $928 billion in June, which is 0.3% lower than May’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
