Banking

Construction Spending Unchanged in August

Construction costs in August was at a seasonally changed yearly rate of $1,584.1 billion, the same from the modified July price quote. August’s figure is 8.9% above the August 2020 price quote of $1,455.0 billion.

Spending on personal building and construction was at a seasonally changed yearly rate of $1,242.2 billion, 0.1% above the modified July price quote of $1,243.7 billion. Private property building and construction was at a seasonally changed yearly rate of $786.6 billion in August, 0.4% above the modified July price quote of $783.5 billion. Private nonresidential building and construction was at a seasonally changed yearly rate of $455.6 billion in August, 1.0% listed below the modified July price quote of $460.2 billion.

In August, the approximated seasonally changed yearly rate of public building and construction costs was $341.9 billion, 0.5% above the modified July price quote of $340.3 billion.

Read the Census release.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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