The U.S. government is reporting that total construction spending in October, 2023 was at a seasonally adjusted annual rate of $2027.1 billion, which is 0.6% higher than September’s revised estimate and 10.7% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $884.4 billion in October, which is 1.2% higher than September’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
