U.S. Construction Spending Unexpectedly Increases In August
Private construction spending rose 1.1% and residential investment increased 1.1%, while year-over-year spending still fell 1.7%, the Commerce Department said.
- On Thursday, the Commerce Department reported construction spending rose 0.9% in August to an annual rate of $2.203 trillion, following an upwardly revised 0.1% decline in July.
- Economists had forecasted spending would remain unchanged after a previously reported 0.5% decline in July, making the actual increase a divergence from market expectations.
- Private construction outlays surged 1.1% in August, driven by a 1.0% increase in nonresidential structures as office projects soared 4.6% and power plants rose 0.9%.
- Mortgage rates averaging 7.03% last week, according to Freddie Mac, continue weighing on demand and caused single-family housing outlays to drop 3.5% on a year-over-year basis.
- Year-over-Year construction spending fell 1.7% in August, reflecting persistent industry weakness despite the unexpected monthly activity jump.
20 Articles
20 Articles
U.S. Construction Spending Unexpectedly Increases In August
A report released by the Commerce Department on Thursday showed an unexpected increase in U.S. construction spending in the month of August. The Commerce Department said construction spending climbed by 0.9 percent to an annual rate of $2.203 trillion in August after edging down by 0.1 percent to a revised rate of $2.185 trillion in July.
Construction expenditures in the United States totalled US$ 2,203 trillion in August at a seasonally adjusted rate, representing an advance of 0.9% compared to July, which stood at US$ 2,184 trillion (revised data), according to the Department of Commerce this Thursday. The reading was well above the estimate of some analysts, which pointed to a discharge of 0.1%. In relation to the same period of the previous year, there was a decrease of 1.7% …
Rock Products Magazine - Construction Spending; Highways Move Higher in August
According to the U.S. Census Bureau, construction spending during August 2026 was estimated at a seasonally adjusted annual rate of $2,203.1 billion, 0.9% (±1.0%) above the revised July estimate of $2,184.5 billion. The August figure is 1.7% (±1.5%) below the August 2025 estimate of $2,242.0 billion. During the first eight months of this year, construction spending amounted to $1,450.4 billion,… The post Construction Spending; Highways Move High…
Multifamily construction spending slightly higher in August
The Census Bureau’s report on construction spending stated that the value of multifamily residential construction put in place in rose 0.19 percent in August from the revised level of the month before. Spending on single-family residential construction was also higher, rising 0.16 percent, while spending on improvements was down 1.13 percent. The value of total […]
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