The US Census Bureau of the Department of Commerce announced Monday that construction spending during June 2011 was estimated at a seasonally adjusted annual rate of $772.3 billion, 0.2 percent above spending in May, but down 4.7 percent from June 2010 spending of $810.4 billion. Over the first six months of 2011, construction spending amounted to $357.5 billion, 5.4 percent below the $377.9 billion for the same period in 2010.
Spending on private and public construction was mixed in June. Private construction spending was $493.4 billion, 0.8 percent from May as residential construction fell 0.3 percent and nonresidential construction edged up 1.8 percent. Public construction spending was $278.9 billion, 0.7 percent below spending in May.