Construction Spending Up in September

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The U.S. government is reporting that total construction spending in September was estimated at a seasonally adjusted annual rate of f $1,293.6 billion, which is 0.5% above August’s revised number.  Residential construction was at a seasonally adjusted annual rate of $511.4 billion in September.  That figure is 0.6% higher than August’s revised figure.

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

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Director of Education & Outreach, National Real Estate Investors Association