| Economic Event | Construction Spending |
| Units | Percentage Change from Previous Period |
| Current Period | Jul 2012 |
| Release Date | Sep. 04. 12 |
| Reported | -0.9 |
| Consensus for Current Period | 0.4 |
| Number of Forecasts | 34 |
| Economic Surprise | -1.3 ( -325.00 % ) |
| Prior Period | Jun 2012 |
| Reported Value for Prior Period | 0.4 |
| Revised From | |
| Next Release Date | Oct. 01. 12 |
| Next Release Time | 10:00 AM Eastern Time |
| Source | http://www.census.gov/construction/c30/pdf/release.pdf |
| Note | |
| Description | Construction spending represents the payout by builders on residential and nonresidential structures. The principal significance of the construction spending stats is that they are the basis for components of GDP: investment in residential and non residential structures, and state and local government spending. By measuring actual spending, construction spending differs from housing starts, which simply count the number of houses on which construction has begun. |