Construction - Getty Photo by Sean Gallup/Getty Images

Marginal Decline in July Value of New Construction to $1,219.2 Billion

The U.S. Department of Commerce reported that construction spending during July 2017 was estimated at a seasonally adjusted annual rate of $1,211.5 billion, -0.6% below the revised June estimate of $1,219.2 billion. The July figure is +1.8% above the July 2016 estimate of $1,189.8 billion. During the first seven months of this year, construction spending amounted to $691.2 billion, +4.7% above the $659.9 billion for the same period in 2016.

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