June 2020 total construction spending keeps pace with 2019 rate
Public and private construction spending both dip 0.7 percent for the month.
The U.S. Census Bureau has announced the following value put-in-place construction statistics for June 2020:
Total Construction
Construction spending during June 2020 was estimated at a seasonally adjusted annual rate of $1,355.2 billion, 0.7 percent (±1.2 percent)* below the revised May estimate of $1,364.7 billion. The June figure is 0.1 percent (±1.5 percent)* above the June 2019 estimate of $1,354.1 billion. During the first six months of this year, construction spending amounted to $667.9 billion, 5.0 percent (±1.2 percent) above the $636.0 billion for the same period in 2019.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $1,001.9 billion, 0.7 percent (±0.7 percent)* below the revised May estimate of $1,009.0 billion.
Residential construction was at a seasonally adjusted annual rate of $534.2 billion in June, 1.5 percent (±1.3 percent) below the revised May estimate of $542.1 billion.
Nonresidential construction was at a seasonally adjusted annual rate of $467.7 billion in June, 0.2 percent (±0.7 percent)* above the revised May estimate of $466.9 billion.
Public Construction
In June, the estimated seasonally adjusted annual rate of public construction spending was $353.3 billion, 0.7 percent (±2.0 percent)* below the revised May estimate of $355.8 billion.
Educational construction was at a seasonally adjusted annual rate of $85.8 billion, 2.7 percent (±1.5 percent) below the revised May estimate of $88.2 billion.
Highway construction was at a seasonally adjusted annual rate of $102.6 billion, 1.7 percent (±6.3 percent)* below the revised May estimate of $104.4 billion.
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away!
