Keeping you up to date on the latest data releases.
- Construction Spending
Private construction spending rose in June to $622.8 billion, 0.4 percent below the revised May estimate of $625.4 billion. June’s results are 9.7 percent higher than a year ago. Residential construction spending rose $332.1 billion in June, nearly the same as the revised May estimate of $332.2 billion. New multifamily construction spending fell 3.3 percent and is up 40.6 percent year-over-year. New single-family construction posted a monthly decline of 0.8 percent and is up 28.2 percent since last June. Private nonresidential construction spending was at $290.7 billion, 0.9 percent below the revised May estimate of $291.3 billion.