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The U.S. government is reporting that total construction spending in June was at a seasonally adjusted annual rate of $ 1,552.2 billion, which is 0.1% above May’s revised estimate. However, June’s figure was 8.2% higher than one year ago. Residential construction was at a seasonally adjusted annual rate of $ 763.4 billion in June, which is 1.1% higher than May’s revised estimate.