Construction Spending Rebounded 0.5% in August
Construction spending grew in August after two consecutive monthly declines, landing at a seasonally adjusted annual level (SAAL) of $1,218.3 billion, according to the Census Bureau. July’s spending estimate was revised up to a rate of $1,212.3 billion. August’s figure is 2.5% greater than the August 2016 estimate of $1,189.1 billion. Total private construction was