Skip to main content

Articles & News

Construction Spending Annual Rates for June 2013

By August 1, 2013 November 19th, 2019 Construction Law

According to the U.S. Census Bureau of the Department of Commerce, construction spending for June 2013 was estimated at a seasonally adjusted annual rate of $883.9 billion. This rate is down 0.6 percent from the revised May estimate of $889.4 billion. However, when compared to last year, the spending rate is up 3.3 percent from the June 2012 estimate of $855.8 billion. Construction spending totaled to $408.5 billion for the first half of 2013, which is 5.1 percent above the $388.8 billion for the same period in 2012.

Private construction spending was estimated at a seasonally adjusted annual rate of $622.8 billion, which is down 0.4 percent from May’s revised estimate of $625.4 billion. Residential construction spending remained nearly identical to the previous month, with the June figure dropping to an adjusted rate of $332.1 billion from the revised May estimate of $332.2 billion. Nonresidential construction spending for June was estimated at a seasonally adjusted annual rate of $290.8 billion, down 0.9 percent from the revised May estimate of $293.3 billion.

As for public construction spending, the estimated seasonally adjusted annual rate for June was $261.1 billion, down 1.1 percent from the revised May estimate of $264.0 billion. Educational construction spending was at an adjusted rate of $59.9 billion, down 0.4 percent from May’s revised estimate of $60.2 billion. Highway construction spending was estimated at a seasonally adjusted annual rate of $75.0 billion, down 2.8 percent from the revised May estimate of $77.1 billion.

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

Eli Robbins

Author Eli Robbins

More posts by Eli Robbins