July 2010 U.S. Construction at $805.2 Billion Annual Rate
Year-to-date total construction lags 2009 rate by 11.8 percent.
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during July 2010 was estimated at a seasonally adjusted annual rate of $805.2 billion, 1.0 percent (±1.4%)* below the revised June estimate of $813.1 billion. The July figure is 10.7 percent (±1.8%) below the July 2009 estimate of $901.2 billion.
During the first 7 months of this year, construction spending amounted to $460.3 billion, 11.8 percent (±1.1%) below the $522.0 billion for the same period in 2009.
PRIVATE CONSTRUCTION
Spending on private construction was at a seasonally adjusted annual rate of $506.4 billion, 0.8 percent (±1.3%)* below the revised June estimate of $510.7 billion.
Residential construction was at a seasonally adjusted annual rate of $240.3 billion in July, 2.6 percent (±1.3%) below the revised June estimate of $246.7 billion.
Nonresidential construction was at a seasonally adjusted annual rate of $266.1 billion in July, 0.8 percent (±1.3%)* above the revised June estimate of $264.0 billion.
PUBLIC CONSTRUCTION
In July, the estimated seasonally adjusted annual rate of public construction spending was $298.8 billion, 1.2 percent (±2.1%)* below the revised June estimate of $302.4 billion.
Educational construction was at a seasonally adjusted annual rate of $73.0 billion, 0.1 percent (±3.8%)* below the revised June estimate of $73.1 billion.
Highway construction was at a seasonally adjusted annual rate of $76.8 billion, 2.9 percent (±5.6%)* below the revised June estimate of $79.1 billion.
