Private residential construction spending was at a seasonally adjusted annual rate of $527.1 billion in June, down approximately 0.6 percent from the revised May estimate of $530.2 billion, the U.S. Census Bureau reported today. Spending was up 13.3 percent from June 2003, when private residential spending was at $465.1 billion, according to the monthly report.

Total construction put in place spending during June 2004 was estimated at a seasonally adjusted annual rate of $985.2 billion, or 0.3 percent below the revised May estimate of $987.8 billion, with a 1.6 percent error margin, the U.S. Census Bureau reported today. The June figure is 8.6 percent above the June 2003 estimate of $906.8 billion, with a 2.2 percent error margin.

During the first six months of this year, total construction spending amounted to $458.6 billion, or approximately 8.9 percent above the $421.2 billion reported for the same period in 2003.

***

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

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×