The U.S. Census Bureau announced the value put in place construction statistics for June 2022 was estimated at a seasonally adjusted annual rate of $1,762.3 billion, 1.1 percent below the revised May estimate of $1,781.9 billion. The June figure is 8.3 percent above the June 2021 estimate of $1,628.0 billion. During the first six months of this year, construction spending amounted to $848.2 billion, approximating inflation at 10.7 percent above the $766.0 billion for the same period in 2021.
Read more HERE.
Construction Put in Place Charts HERE.