Construction spending in July jumps the most in two years | Katonah NY Real Estate

Construction spending during July 2014 was estimated at a seasonally adjusted annual rate of $981.3 billion, 1.8% above the revised June estimate of $963.7 billion and the biggest jump in two years.
The growth was driven mostly by non-residential and public construction spending, although residential spending was up.

The July figure is 8.2% above the July 2013 estimate of $906.6 billion.
During the first seven months of this year, construction spending amounted to $535.4 billion, 7.9% above the $496.3 billion for the same period in 2013.

Spending on private construction was at a seasonally adjusted annual rate of $701.7 billion, 1.4% above the revised June estimate of $692.2 billion.

Residential construction was at a seasonally adjusted annual rate of $358.1 billion in July, 0.7% above the revised June estimate of $355.6 billion.

Nonresidential construction was at a seasonally adjusted annual rate of $343.6 billion in July, 2.1% above the revised June estimate of $336.6 billion.




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http://www.housingwire.com/articles/31222-construction-spending-in-july-jumps-the-most-in-two-years