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October 6th, 2011 10:42 AM


Construction spending rose 1.4 percent in August to a seasonally adjusted annual rate of $799.1 billion compared with July’s estimate of $788.3 billion, according to the U.S. Census Bureau of the Dept. of Commerce. The August figure also is 0.9 percent above the August 2010 estimate of $791.7 billion.

Residential construction was at a seasonally adjusted annual rate of $237.8 billion in August, 0.7 percent above the revised July estimate of $236.2 billion.

C.A.R.

Posted by Adam Andrus on October 6th, 2011 10:42 AMPost a Comment (0)

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