US building spending for June -0.3% versus 0.2% estimate

US building spending for June -0.3% versus 0.2% estimate
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  • Prior month -0.1% revised to -0.4%
  • Development spending for June -0.3% versus 0.2% anticipated

Whole Development:

  • June 2024 building spending: $2,148.4 billion (seasonally adjusted annual charge)
  • Lower from Could 2024: -0.3%
  • Enhance from June 2023 YoY: +6.2%
  • First six months of 2024 spending: $1,034.8 billion
  • Enhance from first six months of 2023: 8.6%

Personal Development:

  • Personal building spending (June 2024): $1,664.6 billion (seasonally adjusted annual charge)
    • Lower from Could 2024: -0.3%
  • Residential building spending (June 2024): $928.0 billion
    • Lower from Could 2024: -0.3%
  • Nonresidential building spending (June 2024): $736.6 billion
    • Lower from Could 2024: -0.1%

Public Development:

  • Public building spending (June 2024): $483.9 billion (seasonally adjusted annual charge)
    • Lower from Could 2024: -0.4%
  • Instructional building spending (June 2024): $101.9 billion
    • Lower from Could 2024: -0.9%
  • Freeway building spending (June 2024): $143.5 billion
    • Lower from Could 2024: -0.4%

This text was written by Greg Michalowski at www.forexlive.com.



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