Keeping you up to date on the latest data releases.
- Construction Spending
Private construction spending declined by 0.5 percent in August to $562.2 billion, but is still up 12.1 percent from a year ago. Private residential spending edged up 0.9 percent in August and is up 17.8 percent on a year-over-year basis. Single and multi-family spending saw monthly gains of 2.8 and 3.7 percent, respectively. These gains were tempered by a fall in home improvement spending of 1.7 percent. Private nonresidential spending slipped 1.7 percent in August to $288.7 billion but is still up 7.2 percent since last August. All nonresidential sectors except transportation and amusement and recreation saw mild to moderate declines.