The U.S. Census Bureau of the Department of Commerce said construction spending during July 2011 was estimated at a seasonally adjusted annual rate of $789.5 billion, 1.3 percent below the revised June estimate of $799.8 billion. The July figure is 0.1 percent above the July 2010 estimate of $789 billion. During the first seven months of this year, construction spending amounted to $435.5 billion, 3.5 percent below the $451.2 billion for the same period in 2010.

Spending on private construction was at a seasonally adjusted annual rate of $514.5 billion, 0.9 percent below the revised June estimate of $519.0 billion. Residential construction was at a seasonally adjusted annual rate of $248.1 billion in July, 1.4 percent below the revised June estimate of $251.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $266.4 billion in July, 0.4 percent below the revised June estimate of $267.3 billion. The biggest decline in private construction was in the manufacturing category, which fell six percent from June to $34.3 billion

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