Boston Real Estate Investors Association

Construction Spending Remains Strong

Construction Spending Remains Strong

census bureau logoThe U.S. government is reporting that total construction spending in August was at a seasonally adjusted annual rate of $ 1,584.1 billion, which is virtually the same as  July’s revised estimate.  However, August’s figure is 8.9% higher than one year ago.  Residential construction was at a seasonally adjusted annual rate of $ 786.6 billion in June, which is 0.4% higher than July’s revised estimate.

Click here to read the full report at the U.S. Census Bureau.

 

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