The U.S. Census Bureau of the Department of Commerce announced today that construction spending during June 2005 was estimated at a seasonally adjusted annual rate of about $1.09 trillion, 0.3 percent below the revised May estimate and 7.9 percent above the June 2004 estimate.

During the first six months of this year, construction spending amounted to about $514.8 billion, 9.3 percent above the $471 billion reported for the same period in 2004.

Spending on private construction was at a seasonally adjusted annual rate of about $843.8 billion, 0.2 percent below the revised May estimate of $845.6 billion. Private residential construction was at a seasonally adjusted annual rate of about $602.4 billion in June, 0.4 percent below the revised May estimate of about $604.8 billion and up 9.1 percent from June 2004.

More detailed data is available online at In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements that may be irregular. The Census Bureau reports that it may take two months to establish an underlying trend for total construction and as long as eight months for specific categories of construction.

The statistics are estimated from several sources and surveys and are subject to sampling variability as well as non-sampling error including bias and variance from response, non-reporting, and under-coverage. Statistics for the current month are preliminary estimates subject to revision in following months as additional data become available, according to the Census Bureau. The average absolute percent changes from preliminary estimate to first revision for the major seasonally adjusted components are as follows: Total construction, 0.8 percent; and private construction, 0.7 percent.


Send tips or a Letter to the Editor to or call (510) 658-9252, ext. 137.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription