Rock Products - The Leading Voice of the Aggregate Industries.

Construction Spending Rises in June


The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2013 was estimated at a seasonally adjusted annual rate of $900.8 billion, 0.6 percent (±2.0 percent) above the revised June estimate of $895.7 billion. The July figure is 5.2 percent (±2.1 percent) above the July 2012 estimate of $856.3 billion.

During the first 7 months of this year, construction spending amounted to $493.9 billion, 5.6 percent (±1.5 percent) above the $467.7 billion for the same period in 2012.

Highway construction was lower than the revised June estimate.

In July, the estimated seasonally adjusted annual rate of public construction spending was $269.4 billion, 0.3 percent (±3.1 percent) below the revised June estimate of $270.1 billion.

Educational construction was at a seasonally adjusted annual rate of $62.9 billion, 1.5 percent (±6.9 percent) below the revised June estimate of $63.8 billion.

Highway construction was at a seasonally adjusted annual rate of $78.0 billion, 1.1 percent (±7.2 percent) below the revised June estimate of $78.8 billion.

Spending on private construction was at a seasonally adjusted annual rate of $631.4 billion, 0.9 percent (±1.3 percent) above the revised June estimate of $625.6 billion.

Residential construction was at a seasonally adjusted annual rate of $334.6 billion in July, 0.6 percent (±1.3 percent) above the revised June estimate of $332.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $296.8 billion in July, 1.3 percent (±1.3 percent) above the revised June estimate of $293.0 billion.