Value of New Construction Shows Small Increase in August But Still Solid Over 2014

Value of New Construction Shows Small Increase in August But Still Solid Over 2014

The U.S. Department of Commerce said construction spending during Aug. 2015 was estimated at a seasonally adjusted annual rate of $1,086.2 billion, 0.7% above the revised July estimate of $1,079.1 billion, 13.7% above the August 2014 estimate of $955.0 billion. During the first eight months of this year, construction spending amounted to $683.4 billion, 9.8% above the $622.4 billion for the same period in 2014.

Private construction. Spending on private constru

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