Construction Spending Down Slightly in October

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The U.S. government is reporting that total construction spending in October was estimated at a seasonally adjusted annual rate of f $1,291.1 billion, which is 0.8% below September’s revised number.  Residential construction was at a seasonally adjusted annual rate of $508.2 billion in October.  That figure is 0.9% lower than September’s revised figure.

Click here to read the full release at the U.S. Census Bureau.

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Director of Education & Outreach, National Real Estate Investors Association