According to the U.S. Census Bureau of the Department of Commerce, total construction spending for June 2015 was estimated at a seasonally adjusted annual rate of $1,064.6 billion, up a slight 0.1 percent from the revised May estimate of $1,063.5 billion. Compared to a year ago, the June rate is up 12.0 percent from that of the June 2014 rate, which was estimated at $950.3 billion. For the first half of 2015, construction spending has totaled $482.7 billion, an increase of 8.0 percent compared to the $446.8 billion for the first six months of 2014.
Private construction spending in June was estimated at a seasonally adjusted annual rate of $766.4 billion, a decrease of 0.5 percent from May’s revised estimate of $770.0 billion. Residential construction spending for June was at a seasonally adjusted annual rate of $371.6 billion, up 0.4 percent above the previous month’s revised estimate of $370.0 billion. Nonresidential construction spending for June was estimated at $394.8 billion, down 1.3 percent from May’s revised estimate of $400.0 billion.
Public construction spending was estimated at a seasonally adjusted annual rate of $298.2 billion, up 1.6 percent from May’s revised estimate of $293.5 billion. Educational construction spending for June was at an adjusted rate of $67.2 billion, up 0.2 percent from the revised May estimate of $67.1 billion. Highway construction spending was estimated at an adjusted rate of $90.9 billion for June, increasing by 1.2 percent from May’s revised estimate of $89.8 billion.
For more information, read the complete U.S. Census Bureau of the Department of Commerce Press Release by clicking here.
