Construction spending in August 2012 was $837.1 billion at a seasonally adjusted annual rate, down 0.6 percent from the revised July 2012 estimate but up 6.5 percent from August 2011.
Construction Spending, also known as, “construction put in place,” is a monthly report, released by the Economics and Statistics Administration from data collected by the Census Bureau as a measure of the dollar value of new construction activity. This report includes data on residential projects (such as homes and apartment buildings), nonresidential projects (such as privately funded office buildings), and public projects (such as schools and highways funded by the local, state, or federal government).
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only registered investment adviser guiding individual investors through the financial planning process to manage money with peace of mind.
Chris Bryant is an American financial advisor.