U.S. Public, Private Construction Annualized Spend Rate at $842.1 Billion in June

---

According to the U.S. Census Bureau of the Department of Commerce, U.S. construction spending during June 2012 was estimated at a seasonally adjusted annual rate of $842.1 billion, 0.4 percent (±1.8%) above the revised May estimate of $838.3 billion. The June figure is 7.0 percent (±2.0%) above the June 2011 estimate of $786.8 billion.

During the first 6 months of this year, construction spending amounted to $387.1 billion, 9.0 percent (±1.5%) above the $355.1 billion for the same period in 2011.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $567.9 billion, 0.7 percent (±1.6%) above the revised May estimate of $564.2 billion.

Residential construction was at a seasonally adjusted annual rate of $265.6 billion in June, 1.3 percent (±1.3%) above the revised May estimate of $262.1 billion.

Nonresidential construction was at a seasonally adjusted annual rate of $302.3 billion in June, 0.1 percent (±1.6%) above the revised May estimate of $302.1 billion.

PUBLIC CONSTRUCTION

In June, the estimated seasonally adjusted annual rate of public construction spending was $274.2 billion, nearly the same as (±2.8%) the revised May estimate of $274.1 billion.

Educational construction was at a seasonally adjusted annual rate of $65.7 billion, 1.4 percent (±4.6%) below the revised May estimate of $66.6 billion.

Highway construction was at a seasonally adjusted annual rate of $80.4 billion, 1.5 percent (±7.7%) above the revised May estimate of $79.3 billion.