WASHINGTON, Sept. 3 (Xinhua) -- The U.S. construction spending rose in July to the highest level in four years, fueled mainly by higher outlays on private projects, U.S. Department of Commerce reported Tuesday.
Total construction spending was estimated at a seasonally adjusted annual rate of 900.8 billion U.S. dollars in July, the strongest performance since June 2009. It was 0.6 percent above the revised level in June and 5.2 percent higher than the year-ago reading.
In July, spending on private construction was at a seasonally adjusted annual rate of 631.4 billion dollars, 0.9 percent above the revised level of June. Residential construction rose 0.6 percent while nonresidential construction jumped 1.3 percent on a month-over-month basis.
The estimated seasonally adjusted annual rate of public construction spending was 269.4 billion dollars in July, down 0.3 percent from the revised June estimate.
Recent data indicate that the U.S. housing sector has shown further signs of strength, providing important support for the overall economic recovery.