Total spending for privately funded construction was at arnseasonally adjusted annual rate of $787.8 billion, a 1.3 percent gain over June’srnrate of $777.4 billion and 16.9 percent higher than in July 2014.  On a non-adjusted basis $69.9 billion wasrnexpended compared to $69.2 billion in June and $59.4 billion a year earlier.</p

Privately funded residential construction was estimated atrnan annual rate of $380.8 billion, a 1.1 percent gain from June’s $376.6 billionrnand 15.6 percent above the level in July 2014. rnThe single family share of that annual estimate was $218.5 billion, arn2.1 percent month-over-month increase and up 15.6 percent year-over-year.  Construction of multi-family units consumedrn$51.6 billion of the total, down 2.2 percent from June but an annual increasernof 21.2 percent. </p

On a non-adjusted basis private sector residentialrnexpenditures in July totaled $35.2 billion, compared to $34.8 billion and $30.3rnbillion the previous month and year. rnYear-to-date residential expenditures have increased by 10.1 percentrnfrom $189.9 to $209.0 billion with single-family construction up by 14.2rnpercent and multi-family by 25.5 percent.</p

Total public sector construction dipped by 1.8 percent fromrnJune to July but was 6.1 percent higher than a year earlier.  Public sector residential construction alwaysrnaccounts for only a small portion of the total, the annual rate in July wasrn$6.5 billion, down 0.1 percent from June. rnStill, that spending is 29.0 percent higher than in July 2014.

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