July 2010 construction spending was estimated at a seasonally adjusted annual rate of $805.2 billion, 1.0 percent below the revised June estimate of $813.1 billion and 10.7 percent below the July 2009 estimate of $901.2 billion, the Department of Commerce reported today.
During the first 7 months of this year, construction spending amounted to $460.3 billion, 11.8 percent below the $522.0 billion for the same period in 2009.