The Commerce Department announced this week that construction spending during October 2015 was estimated at a seasonally adjusted annual rate of $1,107.4 billion, 1% above September’s estimate of $1,096.6 billion. The October figure is 13.0% higher than the October 2014 estimate of $979.6 billion. During the first 10 months of 2015, construction spending amounted to $888.1 billion, 10.7% higher than the same period in 2014. In addition, according to historical data October’s figure is the highest level since December 2007.
Click here to read the full release from the US Department of Commerce.
