Construction spending during October was estimated at a seasonally adjusted annual rate of $1,107.4 billion, a 1 percent increase above the September rate of $1,096.6 billion and a 13 percent increase from the October 2014 rate of $979.6 billion, according to the U.S. Census Bureau.
Private construction in October was reported at a seasonally adjusted annual rate of $802.4 billion, a 0.8 percent increase above the September estimate of $795.8 billion.
Residential construction was at an annual rate of $399 billion for the month, a 1 percent increase above the September rate of $395 billion. Nonresidential construction was at $403.4 billion in October, 0.6 percent above September’s $400.8 billion.
Read Next
