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The U.S. government is reporting that total construction spending in August, 2024 was at a seasonally adjusted annual rate of $2,131.9 billion, which is 0.1% lower than July’s revised number. However, August’s revised estimate is 4.1% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $899.9 billion in August, which is 0.3% lower than July’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
The post U.S. Construction Spending Down Slightly Again in August appeared first on Real Estate Investing Today.
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