Census Bureau: Residential Construction Flat in July

by Peter Thomas Ricci

Residential construction was basically flat in July, though it remains ahead of 2013’s pace.

Residential construction spending through July was at a seasonally adjust annual rate of $358.1 billion, a 0.7 percent increase from June, according to the latest analysis by the U.S. Census Bureau.

Though an underwhelming increase (and though it’s behind the increase in overall construction spending of 1.8 percent), residential construction is still putting up impressive year-over-year numbers, with 2014’s levels more than 8 percent above 2013’s, thus far.

See our graphs below for a far more detailed look at residential construction’s progress:

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