Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race
W S
The Ticker

Construction spending in July jumps the most in two years

Public, nonresidential spending fuel the bulk of growth

Sunset
/ Print / Reprints /
| Share More
/ Text Size+

Construction spending during July 2014 was estimated at a seasonally adjusted annual rate of $981.3 billion, 1.8% above the revised June estimate of $963.7 billion and the biggest jump in two years.

The growth was driven mostly by non-residential and public construction spending, although residential spending was up.

The July figure is 8.2% above the July 2013 estimate of $906.6 billion.

During the first seven months of this year, construction spending amounted to $535.4 billion, 7.9% above the $496.3 billion for the same period in 2013.

Spending on private construction was at a seasonally adjusted annual rate of $701.7 billion, 1.4% above the revised June estimate of $692.2 billion.

Residential construction was at a seasonally adjusted annual rate of $358.1 billion in July, 0.7% above the revised June estimate of $355.6 billion.

Nonresidential construction was at a seasonally adjusted annual rate of $343.6 billion in July, 2.1% above the revised June estimate of $336.6 billion.

In July, the estimated seasonally adjusted annual rate of public construction spending was $279.6 billion, 3% above the revised June estimate of $271.5 billion.

Recent Articles by Trey Garrison

Comments powered by Disqus