Keeping you up to date on the latest data releases.
- Construction Spending
Private construction spending rose to $640.5 billion in August, 0.7 percent higher than the upwardly revised July estimate of $636.1 billion. August’s results are 11.5 percent higher on a year-over-year basis. Residential construction spending rose 1.2 percent over the month, to $340.2 billion. New multi-family construction spending grew 3.2 percent in August and is up 37.5 percent year-over-year. New single-family construction rose 1.6 percent and is up 28.2 percent since last August. Private nonresidential construction spending was at $300.3 billion, 0.1 percent above the upwardly revised July estimate of $299.9 billion. Five of the eleven nonresidential construction sectors saw month-to-month increases in spending, with the amusement and recreation sector posting the largest monthly gain of 5.4 percent. The educational sector saw the largest monthly decline of 3.7 percent.