August Value of New Construction Down Slightly But Maintains 4.9% YOY Growth

The U.S. Department of Commerce said construction spending during Aug. 2016 was estimated at a seasonally adjusted annual rate of $1,142.2 billion, 0.7% below the revised July estimate of $1,150.6 billion. The August figure is 0.3% below the Aug. 2015 estimate of $1,145.2 billion. During the first eight months of this year, construction spending amounted to $755 billion, 4.9% percent above the $720 billion for the same period in 2015.

Private construction. Spe

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