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August 02, 2022US CONSTRUCTION SPENDING, JUNE 2022 Month over month (June 2022 vs May 2022, seasonally adjusted annual rate)
US construction spending decreased 1.1% to $1,762.3 billion. This follows a revised increase of 0.1% reported in May 2022, when construction spending totaled $1,781.9 billion. Total residential construction decreased 1.6% to $932.9 billion. Total non-residential construction spending decreased 0.5% to $829.4 billion.
Private sector construction decreased 1.3% to $1,416.4 billion. Private residential construction decreased 1.6% to $923.7 billion, while private non-residential construction spending decreased 0.5% to $492.7 billion.
Public sector construction decreased 0.5% to $345.9 billion. Public residential construction increased 0.5% to $9.2 billion, while public non-residential construction spending decreased 0.5% to $336.7 billion.
Year-to-date (Jan-Jun 2022 vs Jan-Jun 2021)
US construction spending was up 10.0%
- Total residential construction was up 19.5%
- Total non-residential construction was up 1.1%
- Private sector construction was up 13.4%
- Public sector construction was down 2.1%
Source: US Census Bureau, retrieved from FRED, Federal Reserve Bank of St. Louis
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