Construction Spending Annual Rates for July 2013

September 3, 2013

Eli Y. Robbins Construction Law


According to the U.S. Census Bureau of the Department of Commerce, total construction spending for July 2013 was estimated at a seasonally adjusted annual rate of $900.8 billion. This rate is up 0.6 percent from the revised June estimate of $895.7 billion and is 5.2 percent above the July 2012 estimate of $856.3 billion. Construction spending totaled to $493.9 billion during the first 7 months of this year, which is 5.6 percent above the $467.7 billion amount for the same period in 2012.

Private construction spending was estimated at a seasonally adjusted annual rate of $631.4 billion, which is up 0.9 percent from June’s revised estimate of $625.6 billion. Residential construction spending for July was at a seasonally adjusted annual rate of $334.6 billion, up 0.6 percent from the revised June estimate of $332.7 billion. Nonresidential construction spending for July was estimated at a seasonally adjusted annual rate of $296.8 billion, up 1.3 percent from June’s revised estimate of $293.0 billion.

As for public construction spending, the estimated seasonally adjusted annual rate for July was $269.4 billion, down 0.3 percent from the revised June estimate of $270.1 billion. Educational construction spending was at an adjusted rate of $62.9 billion, down 1.5 percent from June’s revised estimate of $63.8 billion. Highway construction spending was estimated at a seasonally adjusted annual rate of $78.0 billion, down 1.1 percent from the revised June estimate of $78.8 billion.

For more information, read the complete U.S. Census Bureau of the Department of Commerce Press Release by clicking here.