June construction spending was estimated at a seasonally adjusted annual rate of $1,064.6 billion, 0.1 percent above the revised May estimate of $1,063.5 billion, according to the U.S. Census Bureau of the Department of Commerce. The June figure is 12 percent above the June 2014 estimate of $950.3 billion.
During the first 6 months of this year, construction spending amounted to $482.7 billion, 8 percent above the $446.8 billion for the same period in 2014.
Spending on private construction was at a seasonally adjusted annual rate of $766.4 billion, 0.5 percent below the revised May estimate of $770 billion. Residential construction was at a seasonally adjusted annual rate of $371.6 billion in June, 0.4 percent above the revised May estimate of $370 billion. Nonresidential construction was at a seasonally adjusted annual rate of $394.8 billion in June, 1.3 percent below the revised May estimate of $400 billion.
In June, the estimated seasonally adjusted annual rate of public construction spending was $298.2 billion, 1.6 percent above the revised May estimate of $293.5 billion. Educational construction was at a seasonally adjusted annual rate of $67.2 billion, 0.2 percent above the revised May estimate of $67.1 billion. Highway construction was at a seasonally adjusted annual rate of $90.9 billion, 1.2 percent above the revised May estimate of $89.8 billion.
