July construction spending was estimated at a seasonally adjusted annual rate of $1,153.2 billion, flat compared to the revised June estimate of $1,153.5 billion, according to the U.S. Census Bureau of the Department of Commerce. The July figure is 1.5 percent above the July 2015 estimate of $1,135.9 billion.

During the first seven months of this year, construction spending amounted to $647.7 billion, 5.6 percent above the $613.1 billion for the same period in 2015.

In July, spending on private construction was at a seasonally adjusted annual rate of $875 billion, 1 percent above the revised June estimate of $866.5 billion. Residential construction was at a seasonally adjusted annual rate of $445.5 billion in July, 0.3 percent above the revised June estimate of $444 billion. Nonresidential construction was at a seasonally adjusted annual rate of $429.5 billion in July, 1.7 percent above the revised June estimate of $422.5 billion.

In July, the estimated seasonally adjusted annual rate of public construction spending was $278.2 billion, 3.1 percent below the revised June estimate of $287 billion. Educational construction was at a seasonally adjusted annual rate of $64.6 billion, 8.3 percent below the revised June estimate of $70.4 billion. Highway construction was at a seasonally adjusted annual rate of $89.8 billion, 0.3 percent above the revised June estimate of $89.5 billion.