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Value of New Construction Shows Slight Increase in July, Tracking +5.8% YOY

Construction spending during July 2018 was estimated at a seasonally adjusted annual rate of $1,315.4 billion, +0.1% above the revised June estimate of $1,314.2 billion, according to the U.S. Census Dept. The July figure is +5.8% above the July 2017 estimate of $1,242.8 billion. During the first seven months of this year, construction spending amounted to $740.5 billion, +5.2% above the $703.7 billion for the same period in 2017.

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