Construction spending during August 2008 was estimated at a seasonally adjusted annual rate of $1,072.1 billion, nearly the same as the revised July estimate of $1,071.8 billion, according to The U.S. Census Bureau of the Department of Commerce. The August figure is 5.9% below the August 2007 estimate of $1,138.8 billion.
During the first 8 months of this year, construction spending amounted to $713.5 billion, 5.9% below the $758.1 billion for the same period in 2007.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $759.6 billion, 0.3% below the revised July estimate of $761.8 billion. Residential construction was at a seasonally adjusted annual rate of $343.6 billion in August, 0.3% above the revised …
August Construction Spending Flat from July
Construction spending during August 2008 was estimated at a seasonally adjusted annual rate of $1,072.1 billion, nearly the same as the revised July estimate of $1,071.8 billion, according to The U.S. Census Bureau of the Department of Commerce. The August figure is 5.9% below the August 2007 estimate of $1,138.8 billion.
During the first 8 months of this year, construction spending amounted to $713.5 billion, 5.9% below the $758.1 billion for the same period in 2007.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $759.6 billion, 0.3% below the revised July estimate of $761.8 billion. Residential construction was at a seasonally adjusted annual rate of $343.6 billion in August, 0.3% above the revised …
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