The latest monthly report from Commerce’s U.S. Census Bureau, released on Sept. 1, also showed that the value of construction projects put in place in July edged up 0.7% from June’s level.
Residential building surged 15.8% in July from its year-earlier level, to a $387.3-billion seasonally adjusted annual rate, and also was up 1.1% from June.
Private construction in July soared 16.9% year over year, and 1.3% from June, to a $787.8-billion rate.
Public–sector construction climbed 6.1% from its year-earlier level but dipped 1% from June, to a $298.5-billion rate, the Census Bureau said.
Among key construction sectors, office construction jumped 26.1% year over year, to $57.4 billion and also posted a 1.2% increase from June.
Highway and street projects gained 9.7% from their year-earlier level, to $91 billion, but declined 0.2% on a monthly basis.
Educational projects were up 3.6% from July 2014, to $84.4 billion, but slipped 2.2% from June.
Power projects fell 11.9% from July 2014 to $91.6 billion—one of only two sectors that were down year over year— but they did rise 2.8% from the June total.