July construction spending was estimated at a seasonally adjusted rate of $900.8 billion, 0.6 percent above last month’s estimate of $895.7 billion, according to the U.S. Census Bureau of the Department of Commerce.
Spending in July was also well above the July 2012 estimate of $856.3 billion. Construction spending over the first 7 months of 2013 ($493.9 billion) is up 5.6 percent overall above the same period in 2012.
The biggest gains in construction spending were in the private sector, which saw a 0.9 percent increase over last month’s figures. Spending by local, state and the federal government also increased by 0.3 percent from June to July.
For more information on construction spending data and statistics please visit the U.S. Census Bureau. August 2013 data will be available October 1.
