U.S. Construction Spending Up 0.5% in June

The U.S. government is reporting that total construction spending in June, 2023 was at a seasonally adjusted annual rate of $1,938.4 billion, which is 0.5% higher than May’s revised estimate and 3.5% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $856.3 billion in June, which is 0.9% higher than May’s revised estimate. Continue reading HERE...