Construction Spending Up 1.3% in October

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The U.S. government is reporting that total construction spending in October was at a seasonally adjusted annual rate of $1,438.5 billion, which is 1.3% above than September’s revised estimate.  In addition, October’s figure was 3.7% higher than October, 2019.  Residential construction was at a seasonally adjusted annual rate of $637.1 billion in October, which is 2.9% higher than September’s revised estimate.Click here to read the full report at Census.gov.

 

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Brad Beckett

Director of Education & Outreach, National Real Estate Investors Association

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