U.S. construction spending jump to highest level in 7 years

Construction SpendingMarketWatch

Outlays for U.S. construction projects rose 0.7% in July to a seasonally adjusted annual rate of $1.08 trillion, the highest level since May 2008, the Commerce Department reported Tuesday. The gain was in line with expectations. But there was significant strength beneath the headline with June’s gain revised up to a 0.7% increase compared with originally reported 0.1% gain in June. Private-construction spending rose 1.3% in July, fueled by a 1.1% increase for residential projects. There was also a 1.5% gain for nonresidential projects. Meanwhile, public-construction spending fell 1.0% in the month.

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

September 2015
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930