The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2016 was estimated at a seasonally adjusted annual rate of $1,153.2 billion, nearly the same as (±1.5 percent) the revised June estimate of $1,153.5 billion. The July figure is 1.5 percent (±2.3 percent) percent above the July 2015 estimate of $1,135.9 billion.
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Housing Starts Creep Up In March
Led by a 6 percent rise in single-family starts, nationwide housing production rose 2.8 percent above an upwardly revised February rate of 920,000 to a seasonally adjusted annual rate of 946,000 units in March, according to newly released figures from HUD and the U.S. Census Bureau.
Read MoreHousing Starts Hold Steady in February
Nationwide housing starts were virtually unchanged in February, inching down 0.2 percent to a seasonally adjusted annual rate of 907,000 units, according to newly released data from the U.S. Department of Housing and Urban Development and U.S. Census Bureau.
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