The U.S. Census Bureau of the Department of Commerce announced Monday that construction spending during June 2009 was estimated at a seasonally adjusted annual rate of $965.7 billion, 0.3% above the revised May estimate of $963.2 billion. The June figure is 10.2% below the June 2008 estimate of $1,075.6 billion.
During the first six months of this year, construction spending amounted to $455.6 billion, 11.4% below the $514.4 billion for the same period in 2008.