Construction Spending Down Slightly in June
The U.S. government is reporting that total construction spending in June was at a seasonally adjusted annual rate of $ 1,355.2 billion, which is 0.7% lower than May’s revised estimate. However, June’s figure was 0.1% higher than June, 2019. Residential construction was at a seasonally adjusted annual rate of $ 534.2 billion in June, which is 1.5% lower than May’s revised estimate.
Click here to read the full report at Census.gov.
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