- Prior month -0.3%
Total Construction: Down for the month. Still higher on the year.
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Seasonally adjusted annual rate: $2,162.7 billion (-0.3% below June estimate)
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+6.7% above July 2023 estimate
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Year-to-date (first 7 months): $1,237.5 billion (+8.8% above same period in 2023)
Private Construction: Lower on the month and the year
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Seasonally adjusted annual rate: $1,678.7 billion (-0.4% below June estimate)
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Residential Construction:
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Seasonally adjusted annual rate: $941.6 billion (-0.4% below June estimate). Up 7.7% YoY
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Nonresidential Construction:
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Seasonally adjusted annual rate: $737.2 billion (-0.4% below June estimate). Up 4.5% YoY.
Public Construction:
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Seasonally adjusted annual rate: $484.0 billion (+0.1% above June estimate). Up 8.1% YoY
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Educational Construction:
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Seasonally adjusted annual rate: $100.8 billion (-0.9% below June estimate).Up 3.6% YoY
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Highway Construction:
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Seasonally adjusted annual rate: $140.9 billion (-0.8% below June estimate). Up 3.7% YoY.
This article was written by Greg Michalowski at www.forexlive.com.
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