Core Report | September 1, 2023

Total construction spending continued to climb in July and is now up for the seventh consecutive month. Total spending came in at a $1.973 trillion rate in July, up 0.7% from June and up 5.5% from the $1.869 trillion rate in July 2022. Spending increased for both residential and non-residential projects in July, with the larger increase coming from residential.

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