U.S. Construction Spending Up 4.9% Year-Over-Year

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The U.S. government is reporting that total construction spending in October was estimated at $1,308.8 billion, which is nearly identical to September’s revised estimate and 4.9% higher than October, 2017.  Residential construction was at a seasonally adjusted annual rate of $539 billion in October, which was 0.5% below September’s revised estimate.

Click here to read the full report at Census.gov.

 

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Director of Education & Outreach, National Real Estate Investors Association

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