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September 03, 2024US CONSTRUCTION SPENDING, JULY 2024 Month over month (July 2024 vs June 2024), seasonally adjusted annual rate)
US construction spending decreased 0.3% to $2,162.7 billion.
- Total residential construction decreased 0.4% to $952.9 billion.
- Total non-residential construction spending decreased 0.2% to $1,209.8 billion.
- Private sector construction decreased 0.4% to $1,678.7 billion.
- Public sector construction increased 0.1% to $484.0 billion.
Private residential construction decreased 0.4% to $941.6 billion, while private non-residential construction spending decreased 0.4% to $737.2 billion.
Public residential construction decreased 2.6% to $11.3 billion, while public non-residential construction spending increased 0.2% to $472.6 billion.
Year-to-date (January-July 2024 vs January-July 2023)
US construction spending increased 8.4%.
- Total residential construction increased 8.4%.
- Total non-residential construction spending increased 8.3%.
- Private sector construction increased 7.5%.
- Public sector construction increased 11.3%.
Source: US Census Bureau, retrieved from Federal Reserve Bank of St. Louis
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