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Photo 199231482 / Hye Jin Kang / Dreamstime
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Photo 199231482 / Hye Jin Kang / Dreamstime
199231482 / Hye Jin Kang/ Dreamstime
hye jin kang / DreamsTime
Hye Jin Kang / DreamsTime
Prices Cost Rising Photo 199231482 Hye Jin Kang Dreamstime Copy
Prices Cost Rising Photo 199231482 Hye Jin Kang Dreamstime Copy
Prices Cost Rising Photo 199231482 Hye Jin Kang Dreamstime Copy
Prices Cost Rising Photo 199231482 Hye Jin Kang Dreamstime Copy
Prices Cost Rising Photo 199231482 Hye Jin Kang Dreamstime Copy
Hye Jin Kang / DreamsTime
Prices Cost Rising Photo 199231482 Hye Jin Kang Dreamstime
Prices Cost Rising Photo 199231482 Hye Jin Kang Dreamstime
Prices Cost Rising Photo 199231482 Hye Jin Kang Dreamstime
Prices Cost Rising Photo 199231482 Hye Jin Kang Dreamstime
Prices Cost Rising Photo 199231482 Hye Jin Kang Dreamstime
Electricalmarketing 312 20150904emvalcon595
Electricalmarketing 312 20150904emvalcon595
Electricalmarketing 312 20150904emvalcon595
Electricalmarketing 312 20150904emvalcon595
Electricalmarketing 312 20150904emvalcon595

July 2015 Construction Sees Small Monthly Increase but Enjoys 13.7% YOY Surge

Sept. 4, 2015
The U.S. Department of Commerce says construction spending during July 2015 was estimated at a seasonally adjusted annual rate of $1,083.4 billion, 0.7% above the revised June estimate of $1,075.9 billion.

The U.S. Department of Commerce says construction spending during July 2015 was estimated at a seasonally adjusted annual rate of $1,083.4 billion, 0.7% above the revised June estimate of $1,075.9 billion. The July figure is 13.7% above the July 2014 estimate of $952.5 billion. During the first seven months of this year, construction spending amounted to $583.2 billion, 9.3% above the $533.7 billion for the same period in 2014.

Private construction. Spending on private construction was at a seasonally adjusted annual rate of $787.8 billion, 1.3% above the revised June estimate of $777.4 billion. Residential construction was at a seasonally adjusted annual rate of $380.8 billion in July, 1.1% above the revised June estimate of $376.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $407 billion in July, 1.5% above the revised June estimate of $400.8 billion. The manufacturing segment was the star of the show in  July’s Private Construction category, with a 4.7% monthly increase to $93.4 billion — a 73% increase year-over-year (YOY) from July 2014.

Public construction. In July, public construction spending was $295.6 billion, 1% below the revised June estimate of $298.5 billion. Educational construction was at a seasonally adjusted annual rate of $66.4 billion, 3% below the revised June estimate of $68.4 billion.  The public office and power construction categories were tracking above other niches. At $8.4 billion, office construction was up 5.7% monthly and 10% YOY, while power construction was up 8.5% to $11 billion for July, but down 7.2% YOY.

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