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July Construction Spending Dips 0.6%

Spending up 4.7 percent for the first seven months of 2017

September 01, 2017
July construction spending decreased 0.6 percent to $1,211.5 billion

The Commerce Department reports that July's construction spending decreased 0.6 percent to $1,211.5 billion, down from June's $1,219.2 billion. However, the July 2017 figure is 1.8 percent above July's numbers in 2016.

Year to date, construction spending is 4.7 percent above the same time last year, posting $691.2 billion for the first seven months of 2017 compared to $659.9 billion in during the first seven months of 2016.

Here's July's breakdown:

Total Construction for July = $1.211.5 billion - 0.6 percent below June 2017, and 1.8 percent above Y2Y.

Category June 2017 to July 2017 July Y2Y
Total Residential 0.8 +11.2
Total Nonresidential -1.7 -4.3

Total Public Construction for July:

  • $2.66 billion
  • 1.4 percent below June 2017
  • 5.6 percent below July 2016
Category June 2017 to July 2017 July Y2Y
Transportation -0.8 -0.8
Power +11.6 -27.5
Highway and street -0.1 -4.7
Water -2.8 -12.0

Total Private Construction for July:

  • $945.5 billion
  • 0.4 percent below June's $949.4 billion

Private residential construction for July: $517.5 billion - 0.8 percent above June's $513.2 billion

Private nonresidential construction for July: $428.0 billion - 1.9 below June's $436.2 billion

Category June 2017 to July 2017 July Y2Y
Private Residential 0.8 +11.6
     Single family 0.8 +10.4
     Multi-family -0.8 +2.6
Private Nonresidential -1.9 -3.6
     Commercial -0.4 +13.8
     Power -0.1 -7.2
     Transportation -0.8 +3.6
     Manufacturing -1.9 -7.7

Total Public Construction for July:

  • $266.0 billion
  • 1.4 percent below June's $269.8 billion
Category June 2017 to July 2017 July Y2Y
Public Residential -2.6 -12.1
Public Nonresidential -1.4 -5.5
     Commercial -1.9 +11.4
     Power +11.6 -27.5
     Transportation -0.8 -8.0
     Highway and street -0.1 -4.7

 

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