U.S. Construction Spending Down 0.4% in July

The U.S. government is reporting that total construction spending in July, 2022 was at a seasonally adjusted annual rate of $1,777.3 billion, which is 0.4% lower than June’s revised estimate but is 8.5% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $920.4 billion in July, which is 1.5% lower than June’s revised estimate. Continue reading HERE...