July 2015 Construction Sees Small Monthly Increase but Enjoys 13.7% YOY Surge

July 2015 Construction Sees Small Monthly Increase but Enjoys 13.7% YOY Surge

The U.S. Department of Commerce says construction spending during July 2015 was estimated at a seasonally adjusted annual rate of $1,083.4 billion, 0.7% above the revised June estimate of $1,075.9 billion. The July figure is 13.7% above the July 2014 estimate of $952.5 billion. During the first seven months of this year, construction spending amounted to $583.2 billion, 9.3% above the $533.7 billion for the same period in 2014.

Private construction. Spending o

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