U.S. Census estimates show that the total amount of private residential construction slowed in July 2013, increasing only slightly to a seasonally adjusted annual rate of $334.6 billion, with a 0.5% increase in single-family spending and a 0.8% increase in home improvement. Spending has been improving, but it is not quite approaching the peak pace reached in 2006, which was $676.4 billion. However, even with only a slight increase well below the peak, spending is still up 17.2% from last year. Additionally, a three month average including July still shows significant increases in spending through 2013.
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