Keeping you up to date on the latest data releases.
- Construction Spending
Private construction spending rose in June to $567.9 billion, an increase of 0.4 percent over May and 7 percent improvement compared to last June. Upward revisions to May and April showed non-residential construction increased for both months. Residential construction spending increased 1.3 percent over the month to $265.6 billion and showed a strong increase of 12.1 percent compared to June 2011. Spending on new multi-family homes showed a strong 48.8 percent increase over the year with new single family homes increasing 3.4 percent over the year and residential improvements showing just a slight increase of 1.6 percent over the year. Non-residential construction came in at $302.3 billion, up 14 percent from this time last year. The largest section of power and utility fell slightly by 3.1 percent from last month, but is still up 26.5 percent from June 2011. There was improved spending all structures except power and commercial structures. Communication structures showed the largest increase of 4.3 percent for the month followed by manufacturing structures and office structures both increasing 3.7 percent to aid the boost in private construction.