Construction spending during August 2022 was estimated at a seasonally adjusted annual rate of $1,781.3 billion, 0.7% below the revised July estimate of $1,793.5 billion, according to the U.S. Census Bureau. The August figure is 8.5% above the August 2021 estimate of $1,641.6 billion. During the first eight months of this year, construction spending amounted to $1,183.8 billion, 10.9% above the $1,067.4 billion for the same period in 2021. Spending on private construction was at a seasonally adjusted annual rate of $1,426.0 billion, 0.6% below the revised July estimate of $1,435.2 billion. Residential construction ... (full story)