Construction Spending Declines In June, Religious Construction Leads (Fed May Raise Rates Faster Than Thought)

US construction spending declined in the month of June by -0.6%. Residential spending was flat, with office and lodging spending up 0.6%. Manufacturing spending was down -4.5%.
The biggest gainer? Religious construction.
Here are residential and nonresidential spending on a YoY basis.

This post was published at Wall Street Examiner by Anthony B. Sanders ‘ August 1, 2016.