Construction spending in September was at a seasonally adjusted annual rate of $1,150.0 billion, 0.4 percent below August’s rate of $1,154.4 billion and 0.2 percent below the September 2015 rate of $1,152.1 billion, according to the U.S. Census Bureau.
Construction spending in September was at a seasonally adjusted annual rate of $1,150.0 billion, 0.4 percent below August’s rate of $1,154.4 billion and 0.2 percent below the September 2015 rate of $1,152.1 billion, according to the U.S. Census Bureau.
Private construction spending in September was at a seasonally adjusted annual rate of $879.7 billion, 0.2 percent below the August rate of $881.6 billion. Residential construction was at a seasonally adjusted annual rate of $453.7 billion, 0.5 percent higher than the August rate of $451.3 billion. Nonresidential construction was at a rate of $426.0 billion, 1 percent down from August’s rate of $430.2 billion.