The Census Bureau reports the construction spending figures for August:
Residential construction was at a seasonally adjusted annual rate of $273.5billion in August, 0.9 percent (±1.3%)* above the revised July estimate of $271.1 billion. Nonresidential construction was at a seasonally adjusted annual rate of $288.7 billion in August, 1.7 percent (±1.2%) below the revised July estimate of $293.7 billion.
In August, the estimated seasonally adjusted annual rate of public construction spending was $274.9 billion, 0.8 percent (±3.3%)* below the revised July estimate of $277.2 billion.
Some notes on the year over year figures in August:
- Non-residential construction was up 4.54%, but worse than the 8.50% it was up Y/Y in July.
- Residential construction was up 18.97%, but worse than the 20.34% it was up Y/Y in July.
- Public construction was down 3.28%, worse than the 0.05% it was down in July.
