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July Construction Figures Steady With June But Still Down Double Digits Year-to-Year

Construction spending during July 2009 was estimated at a seasonally adjusted annual rate of $958.0 billion, 0.2 percent below the revised June estimate of $959.5 billion, according to the U.S. Census Bureau. The July figure is 10.5 percent below the July 2008 estimate of $1,070.2 billion. During the first seven months of 2009, construction spending amounted to $543.8 billion, 11.4 percent below the $613.5 billion for the same period in 2008.

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