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Construction Spending Flat; Residential Sector Slightly Less so

Thursday, October 1, 2015

There was a small increase in both publicly and privately funded construction spending in August.  Privately funded residential spending performed slightly better than construction as a whole but that increase was largely due to an uptick in multi-family construction expenditures.

The U.S. Census Bureau said today that total construction spending in the U.S. was estimated at a seasonally adjusted annual rate of $1,086.2 billion in August, an increase of 0.7 percent above the revised July estimate of $1,079.1 billion and up 13.7 percent from August 2014 when the estimate was $955.0 billion.

 

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