The U.S. government has reported that total construction spending in June 2024 was at a seasonally adjusted annual rate of $2,148.4 billion, which is 0.3% lower than May’s revised number. However, June’s revised estimate is 6.2% higher than one year ago. Residential construction was at a seasonally adjusted annual rate of $928 billion in June, which is 0.3% lower than May’s revised estimate.
For the full report from the U.S. Census Bureau, click here.
To read more about the slight decrease in U.S. Construction Spending in June, visit Real Estate Investing Today.
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