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--Private Residential Spending -0.7%; Nonresidential -0.2%
--Public Construction Spending +2.0%
By Shikha Dave and Harrison Clarke
     WASHINGTON (MNI) - Construction spending rose by 0.1% in August, 
below the 0.5% gain expected, as residential construction saw declines 
but nonresidential construction saw gains. Nonresidential rose by 0.7% 
compared to a residential construction decline of -0.7%, data released 
by the Commerce Department Monday morning showed. 
     Analysts surveyed by MNI had expected total construction spending 
to rise by 0.5% after a gain of 0.1% in July. July was revised up to 
0.2%, June construction was revised up to -0.7%, while May was unrevised 
at +0.7%.   
--PRIVATE BUILDING DECLINES    
     Private residential construction fell by 0.7% in the month, 
following a 0.2% gain in July. Home building ex. new homes, also known 
as remodeling, saw a 0.6% decline, according to an MNI calculation. 
     Also based on an MNI calculation, total new homes fell by 0.8%. 
Single-family building was down 0.7%, and multi-family building posted a 
1.7% decline. 
     In addition to the decline in private residential, private 
nonresidential construction fell by 0.2% in August, driving the decline 
in total private construction. The main drivers of the category were 
decreases in commercial (-0.9%), power (-1.3%), and manufacturing 
(-0.7%). 
--PUBLIC CONSTRUCTION SEES GAINS
     Following an upward July revision to a 1.7% gain, public 
construction spending rose 2.0% in August. 
     The rise in public construction was driven by a 9.1% gain in 
offices, a 3.7% rise in amusement and recreation, and a 4.3% gain in 
water supply. 
     State and local construction rose 1.7% in the month. Federal 
construction was also up 5.9%. 
     ** MNI Washington Bureau: 202-371-2121 ** 
[TOPICS: MAUDS$,M$U$$$,MAUDR$,MT$$$$]

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