The U.S. government is reporting that total construction spending in September was at a seasonally adjusted annual rate of $1,573.7 billion, which is down0.5% from August’s revised estimate. However, September’s figure is 7.8% higher than one year ago. Residential construction was at a seasonally adjusted annual rate of $773.5 billion in September, which is 0.4% lower than August’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
