Total U.S. Construction Spending Up 6.5% from 2017

BY  ON OCTOBER 6, 2018

The U.S. government is reporting that total construction spending in August was estimated at $1,315.5 billion, which is 0.1% higher than July’s revised estimate and 6.5% higher than August, 2017.  Residential construction was at a seasonally adjusted annual rate of $548.9 billion in August, 0.7% below July’s revised estimate.