The U.S. Census Bureau of the Department of Commerce
announced that construction spending during June 2007 was estimated at a
seasonally adjusted annual rate of $1,175.4 billion, 0.3 percent (±1.4 percent)
below the revised May estimate of $1,178.4 billion. The June figure is 2.4
percent (±2.1 percent) below the June 2006 estimate of $1,204.0 billion.
During the first six months of this year, construction
spending amounted to $550.0 billion, 3.5 percent (±1.6 percent) below the $570.1
billion for the same period in 2006.
Spending on private construction was at a seasonally
adjusted annual rate of $890.9 billion, 0.3 percent (±1.4 percent) below the revised
May estimate of $894.0 billion. Residential construction was at a seasonally
adjusted annual rate of $544.3 billion in June, 0.7 percent (±1.3 percent)
below the revised May estimate of $548.3 billion. Nonresidential construction
was at a seasonally adjusted annual rate of $346.6 billion in June, 0.3 percent
(±1.4 percent) above the revised May estimate of $345.6 billion.
In June, the estimated seasonally adjusted annual rate of
public construction spending was $284.6 billion, nearly the same as (±2.2 percent)
the revised May estimate of $284.4 billion. Educational construction was at a
seasonally adjusted annual rate of $80.0 billion, 0.6 percent (±3.4 percent)
below the revised May estimate of $80.4 billion. Highway construction was at a seasonally
adjusted annual rate of $75.0 billion, 1.1 percent (±5.9 percent) below the
revised May estimate of $75.9 billion.
July 2007 data will be released on September 4, 2007, at
10:00 a.m. EDT.
For more detailed data and methodologies, visithttp://www.census.gov/constructionspending.
July 31, 2007 - June 2007 Construction Spending Down 2.4% From 2006
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