Value of New Construction Slips Marginally in August but Still Tracking +9% YTY

Value of New Construction Slips Marginally in August but Still Tracking +9% YTY

The U.S. Census Bureau said construction spending during Aug. 2012 was estimated at a seasonally adjusted annual rate of $837.1 billion, 0.6% below the revised July estimate of $842 billion. The August figure is 6.5% percent above the Aug. 2011 estimate of $786.3 billion. During the first eight months of this year, construction spending amounted to $545.2 billion, 9% above the $500.1 billion for the same period in 2011.

Private construction. Spending on private constr

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