Construction Spending | July 2013

Construction Spending July

Construction Spending % Change

Tuesday, September 3, 2013 – JULY 2013 CONSTRUCTION AT $900.8 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during July 2013 was estimated at a seasonally adjusted annual rate of $900.8 billion, 0.6 percent (±2.0%)* above the revised June estimate of $895.7 billion. The July figure is 5.2 percent (±2.1%) above the July 2012 estimate of $856.3 billion.

During the first 7 months of this year, construction spending amounted to $493.9 billion, 5.6 percent (±1.5%) above the $467.7 billion for the same period in 2012.

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PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $631.4 billion, 0.9 percent (±1.3%)* above the revised June estimate of $625.6 billion. Residential construction was at a seasonally adjusted annual rate of $334.6 billion in July, 0.6 percent (±1.3%)* above the revised June estimate of $332.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $296.8 billion in July, 1.3 percent (±1.3%)* above the revised June estimate of $293.0 billion.

PUBLIC CONSTRUCTION

In July, the estimated seasonally adjusted annual rate of public construction spending was $269.4 billion, 0.3 percent (±3.1%)* below the revised June estimate of $270.1 billion. Educational construction was at a seasonally adjusted annual rate of $62.9 billion, 1.5 percent (±6.9%)* below the revised June estimate of $63.8 billion. Highway construction was at a seasonally adjusted annual rate of $78.0 billion, 1.1 percent (±7.2%)* below the revised June estimate of $78.8 billion.

August 2013 data will be released on October 1, 2013 at 10:00 A.M. EDT.

For more detailed data and methodologies, go to our website: http://www.census.gov/constructionspending

Company Information

Allen & Shariff provides Engineering, Construction, and Project Management services to clients worldwide. Allen & Shariff services include MEP DesignCommissioningGeneral ContractingProject ManagementGreen & Energy Consulting, and Project Financing. Allen & Shariff was founded in 1993 as an engineering consulting firm based in Columbia, MD. The company has evolved into a multi-discisplince professional service provider worldwide. The skills of our people, our proven sub-consultants, and our commitment to quality service and client satisfaction make the Allen & Shariff team a valued and trusted partner.

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