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Construction spending rises 0.6 percent in July to $900.8 billion

Posted By Amanda Bayhi On September 3, 2013 @ 1:18 pm In Aggbeat Online,News | No Comments

construction [1]U.S. construction spending rose 0.6 percent in July to its highest mark since June 2009, according to a report from our sister site, Equipment World [2].

The figures come from preliminary data from the Commerce Department, which show that total construction spending reached $900.8 billion in July — a 5.2-percent gain over July 2012.

Residential spending increased 0.5 percent to $340.6 billion, while nonresidential increased 0.6 percent to $560.2 billion.

Private residential construction spending was up 0.6 percent to $334.5 billion, and private nonresidential rose 1.3 percent to $296.8 billion.

Government spending fell 0.3 percent in July, while public housing dropped 3.1 percent to $6 billion and nonresidential decreased 0.2 percent to $623.3 billion.

View June 2013 figures here [3].

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URL to article: http://www.aggman.com/construction-spending-rises-0-6-percent-in-july-to-900-8-billion/

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[1] Image: http://www.aggman.com/files/2013/09/construction.jpg

[2] according to a report from our sister site, Equipment World: http://www.equipmentworld.com/construction-spending-up-0-6-in-july-to-highest-mark-since-june-2009/

[3] View June 2013 figures here: http://www.aggman.com/construction-spending-dips-0-6-percent-in-june-to-884-billion/

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