Small Monthly Gains in Construction Spending Start to Add Up

Home / Blog / Small Monthly Gains in Construction Spending Start to Add Up

Posted To: MND NewsWire

The total value of construction put in place during August only ticked up 0.1 percent compared to July, but the small, steady increases each month have now put spending up 6.5 percent compared to August 2017 . The Census Bureau put the seasonally adjusted annual rate of spending in August at $1,318.5 billion. The July estimate was 1,317.4 billion and the prior August it was $1,237.5 billion. On a non-adjusted basis there was $122.0 billion spent during the month, compared to $122.0 billion in July. Year-to-date (YTD) expenditures are also up significantly from last year. During the first eight months of 2017 there were $818.8 billion expended; spending during the same period this year totals $862.0 billion, an increase of 5.2 percent. Privately funded construction expenditures in August were...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

0578f8af 8894 48e0 abfd 5ee51c3172c7 c571174b 69c3 46cd bb97 605fc0814627 16d746c1 0584 4171 b377 fb746774d92c 69781f39 13ec 4524 9c91 9ce3fdd5c7f3 24df9208 0765 414f b45e a6769cdd410a d064988f 3af2 4a39 8afb 17b1406e523b b6a0b420 d5e8 4529 ac15 b2ad2bb0ab58 5a213d0f a856 45b7 9437 be0ac739d47f 235148b7 e836 4215 bfa7 0469e410e246 adf08179 6590 4a27 a4c7 72902cf7ef16 7d834992 4b49 4a7b a85b e66176d41a08 697a9f76 0af6 44ab bb0a 080bec9b6548 91e0bf1e 74cb 405d 9d00 a3f22734ebd1 303158c6 676a 4947 b55b 7f13f3547d4d 263b2676 ad2a 4911 8358 157021021eab ef0658e6 7102 48e3 a4f5 fd5bf12cddd9 f3fb7d53 1ab3 4146 8429 7a30028a5fde 2c05021f de23 4e0d 8b23 675d89f891dd 38e85739 a507 4903 a7b0 287e1f8779ab fbf0c789 1b61 43a9 993a fe2c18237ace 65eeaaa8 23a8 41a5 94d3 64af83702a4d 9d1c5244 2949 43a1 b821 2b538679704c c45dfdf5 4c81 4309 a97e 174d4aa5d644