U.S. Construction Spending Up 0.5% in August

The U.S. government is reporting that total construction spending in August, 2023 was at a seasonally adjusted annual rate of $1,983.5 billion, which is 0.5% higher than July’s revised estimate and 7.4% higher than one year ago.  Residential construction came in at a seasonally adjusted annual rate of $879.9 billion in August, which is 0.6% higher than July’s revised estimate.

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