Construction spending during July was estimated by the U.S. Commerce Department at a seasonally adjusted annual rate of $805.2 billion, 1.0% below the revised June estimate of $813.1 billion. The July figure is 10.7% below the July 2009 estimate of $901.2 billion.
During the first seven months of this year, construction spending amounted to $460.3 billion, 11.8% below the $522.0 billion for the same period in 2009.