Investment in Building Construction Activity, July 2023 – Not Encouraging

Investment in building construction declined 2.6% to $17.5 billion in July. The residential sector decreased 4.1% to $11.5 billion, while the non-residential sector was up 0.5% to $5.9 billion.
On a constant dollar basis (2012=100), investment in building construction decreased by 2.5% to $10.0 billion.
Chart 1 
Investment in building construction, seasonally adjusted
Residential investment declines for the fifth straight month
Investment in residential building construction fell 4.1% to $11.5 billion in...

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