Construction spending

Total Construction: Down for the month. Still higher on the year.

  • Seasonally adjusted annual rate: $2,162.7 billion (-0.3% below June estimate)
  • +6.7% above July 2023 estimate

  • Year-to-date (first 7 months): $1,237.5 billion (+8.8% above same period in 2023)

Private Construction: Lower on the month and the year

  • Seasonally adjusted annual rate: $1,678.7 billion (-0.4% below June estimate)

  • Residential Construction:

    • Seasonally adjusted annual rate: $941.6 billion (-0.4% below June estimate). Up 7.7% YoY

  • Nonresidential Construction:

    • Seasonally adjusted annual rate: $737.2 billion (-0.4% below June estimate). Up 4.5% YoY.

Public Construction:

  • Seasonally adjusted annual rate: $484.0 billion (+0.1% above June estimate). Up 8.1% YoY

  • Educational Construction:

    • Seasonally adjusted annual rate: $100.8 billion (-0.9% below June estimate).Up 3.6% YoY

  • Highway Construction:

    • Seasonally adjusted annual rate: $140.9 billion (-0.8% below June estimate). Up 3.7% YoY.