{"id":1004185808,"date":"2017-08-02T05:56:19","date_gmt":"2017-08-02T13:56:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004185808"},"modified":"2022-12-08T23:39:18","modified_gmt":"2022-12-09T07:39:18","slug":"economy-watch-construction-spending-edges-down-in-june-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-june-2\/","title":{"rendered":"Economy Watch: Construction Spending Edges Down in June"},"content":{"rendered":"<p>By D.C. Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004185829\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Census-Bureau-construction-spending-0617.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004185829\" data-attachment-id=\"1004185829\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-june-2\/census-bureau-construction-spending-0617\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Census-Bureau-construction-spending-0617.jpg\" data-orig-size=\"499,334\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1501667616&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Census Bureau construction spending 0617\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: U.S. Census Bureau, June 2017&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Census-Bureau-construction-spending-0617.jpg?w=499\" class=\"wp-image-1004185829\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Census-Bureau-construction-spending-0617.jpg\" alt=\"Source: U.S. Census Bureau, June 2017\" width=\"400\" height=\"268\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Census-Bureau-construction-spending-0617.jpg 499w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Census-Bureau-construction-spending-0617.jpg?resize=300,201 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-1004185829\" class=\"wp-caption-text\">Source: U.S. Census Bureau, June 2017<\/p><\/div>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-flat-in-may\/\">U.S. construction spending<\/a> during June came in at an annualized rate of $1,205.8 billion, or 1.3 percent below the revised May total of $1,221.6 billion, which was lower than economists expected (the consensus was for growth). The June figure is, however, still 1.6 percent above the June 2016 total of $1,186.4 billion, according to the U.S. Census Bureau.<\/p>\n<p>Private and public spending both decreased in June. Spending on private construction projects was 0.1 percent below the revised May figure, while public construction spending was 5.4 percent off the revised May total.<\/p>\n<h2>Property-wide decline<\/h2>\n<p>Construction spending on almost all property types was down in June. Office construction was an exception, gaining 1.9 percent for the month. Construction on communications projects was also up, by 2.8 percent. Residential spending dropped 0.3 percent.<\/p>\n<p>For the year, some kinds of construction\u2014private projects, especially\u2014still gained ground. Office projects were particularly healthy, gaining 11 percent in spending, and residential construction spending was up 9 percent compared with a year ago. Spending on manufacturing projects dropped 7.3 percent for the year, as exports languished.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private and public spending both decreased in June, with all property types seeing a decline aside from office construction, according to the U.S. Census Bureau&#8217;s latest report.<\/p>\n","protected":false},"author":1023,"featured_media":1004185829,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[32915],"class_list":["post-1004185808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-united-states-census-bureau"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Construction Spending Edges Down in June - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-june-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Construction Spending Edges Down in June\" \/>\n<meta property=\"og:description\" content=\"Private and public spending both decreased in June, with all property types seeing a decline aside from office construction, according to the U.S. Census Bureau&#039;s latest report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-down-in-june-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-02T13:56:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:39:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Census-Bureau-construction-spending-0617.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"499\" \/>\n\t<meta property=\"og:image:height\" content=\"334\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-june-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-june-2\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Construction Spending Edges Down in June\",\"datePublished\":\"2017-08-02T13:56:19+00:00\",\"dateModified\":\"2022-12-09T07:39:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-june-2\\\/\"},\"wordCount\":194,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-june-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/08\\\/Census-Bureau-construction-spending-0617.jpg\",\"keywords\":[\"United States Census Bureau\"],\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-june-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edges-down-in-june-2\\\/\",\"name\":\"Economy Watch: Construction Spending Edges Down in June - 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