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Value of New Construction Shows Marginal Growth in August But is Tracking +6.5% YOY

The August figure is +6.5% above the Aug. 2017 estimate of $1,237.5 billion.

Construction spending during August 2018 was estimated at a seasonally adjusted annual rate of $1,318.5 billion, +0.1% above the revised July estimate of $1,317.4 billion, according to the U.S. Dept. of Commerce. The August figure is +6.5% above the Aug. 2017 estimate of $1,237.5 billion. During the first eight months of this year, construction spending amounted to $862 billion, 5.3% above the $818.7 billion for the same period in 2017.

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TAGS: Contractors
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