MNI DATA ANALYSIS: US June Construction Down 1.1%>

--Private Residential Spending -0.5%; Nonresidential -0.3%

--Public Construction Spending -3.5%

By Shikha Dave, Harrison Clarke, and Sara Haire

     WASHINGTON (MNI) - Construction spending fell by 1.1% in June, 

below the 0.2% gain expected, as both residential and nonresidential 

construction saw declines, but nonresidential fell by a larger 1.6%, 

data released by the Commerce Department Wednesday morning showed. 

     Analysts surveyed by MNI had expected total construction spending 

to rise by 0.2% after a modest gain of 0.4% in May. May was revised up 

to +1.3%, April construction was revised up to +1.7%, while March was 

unrevised at -0.9%.   

--PRIVATE BUILDING DOWN

     Private residential construction fell by 0.5% in the month, 

following a 1.3% gain in May. Home building ex. new homes, also known as 

remodeling, saw a 0.1% gain, according to an MNI calculation. 

     Also based on an MNI calculation, total new homes fell by 0.8%. 

Single-family building was down 0.4%, while multi-family building posted 

a 2.8% loss. 

     In addition to the loss in private residential, private 

nonresidential construction fell by 0.3% in June. The main drivers of 

the category were declines in commercial (-2.2%), communication 

(-0.9%), and power (-0.3%).

--PUBLIC CONSTRUCTION FALLS

     Following an upward May revision to a 3.0% rise, public 

construction spending fell 3.5% in June. 

     The decline in public construction was driven by a large 11.0% drop 

in education, as well as declines in most other categories. 

     State and local construction declined 3.5% in the month. Federal 

construction was also down 3.1%. 

     ** MNI Washington Bureau: 202-371-2121 ** 

[TOPICS: MAUDS$,M$U$$$,MAUDR$,MT$$$$]