The primary fuel for the industry’s huge spending growth in the last year or so has been nonresidential which was flat this month at $687 billion. Residential, meanwhile, increased 0.4 percent to $378 billion. The totals represent 12 and 13 percent year-over-year gains, respectively.
Total construction spending was up 0.1 percent to $1.065 trillion.
Nonresidential’s largest percent gains came from water supply, up 12.2 percent to 15 billion; amusement and recreation, up 10.2 percent to $23 billion and lodging, up 3.9 percent to $22 billion.
Private nonresidential spending fell 1.3 percent to $395 billion but remains up 14.6 percent over June 2014.
Meanwhile, private residential spending, up 0.4 percent to $372 billion, continues to be driven by multi-family construction spending, up 2.8 percent from May and 23.7 percent from June 2014 to $51 billion. Single-family spending fell 0.3 percent in June to $210 billion, but remains up 13 percent year-over-year.
Total private spending fell 0.5 percent to $766 billion. That figure is up 13.7 percent year over year. Government construction spending rose 1.6 percent in June to $298 billion.
Government spending on residential projects fell 3.8 percent to $6.4 billion while spending on nonresidential projects rose 1.7 percent to $292 billion.
The largest percent gains among government nonresidential were water supply, up 13.3 percent to $14.6 billion; amusement and recreation, up 11 percent to $12 billion and transportation, up 3.3 percent to $33 billion.