New Construction Spending For June 2020

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On August 3, 2020, the U.S. Census Bureau reported nationwide construction spending down 0.7% to $1,355.2 billion in June of 2020 from $1,364,7 billion May of 2020, but up 0.1% from $1,354.1 billion in June of 2019.

Nationwide private construction lower 0.7% to $1,001.2 billion in June of 2020 from $1,001.9 billion in May of 2020.
Residential construction decreased 1.5% of $534.2 billion in June of 2020 from $542.1 billion May of 2020.
Non residential construction higher 0.2% to $567.7 billion in June of 2020 from $466.9 billion in May of 2020.

The public construction declined 0.7% to $353.3 billion in June of 2020 from $355.8 billion in May of 2020.
The educational construction fell 2.7% to $85.8 billion in June of 2029 from $88.2 billion in May of 2020.
The highway construction dropped 1.7% to $102.6 billion in June of 2020 from $104.4 billion in May of 2020.

For complete more detailed information about the U.S. Census Bureau on monthly construction spending in June of 2020, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

Comments (4)

Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Thank you for keeping us posted and up to date. Best of luck!

Aug 05, 2020 12:06 PM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi John.... 2020 has been a very strong year for new construction....everyone loves a new home!

Aug 05, 2020 02:40 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome Jeremy K. Frost glad you find the report very useful. Best of luck to you too. Thanks for the comment.

Aug 05, 2020 08:17 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hi Barbara Todaro you are right 2020 has been a good year for new construction and people love a new home. Thanks for the comment.

Aug 05, 2020 08:20 PM

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