Construction spending during June was estimated at a seasonally adjusted annual rate of US$1.217 trillion, 0.3% above the revised May estimate of almost IS$1.214 triillion. The June figure is 6.8% above the June 2005 estimate of about $1.14 trillion.

During the first six months of this year, construction spending amounted to US$569.3 billion, 8.5% above the US$524.8 billion for the same period in 2005.

Spending on private construction was at a seasonally adjusted annual rate of US$944.7 billion, 0.1% above the revised May estimate of US$943.6 billion. Residential construction was at a seasonally adjusted annual rate of US$641.6 billion in June, 1% below the revised May estimate of US$648.4 billion. Nonresidential construction was at a seasonally adjusted annual rate of US$303.1 billion in June, 2.7% above the revised May estimate of US$295.2 billion.

In June, the estimated seasonally adjusted annual rate of public construction spending was US$272.5 billion, 0.8% above the revised May estimate of US$270.3 billion. Educational construction was at a seasonally adjusted annual rate of US$68.9 billion, 0.4% below the revised May estimate of US$69.2 billion. Highway construction was at a seasonally adjusted annual rate of US$77.8 billion, 0.1% (±6.2%)* above the revised May estimate of US$77.7 billion.