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U.S. Construction Up in October

U.S. construction spending in October was estimated at a seasonally adjusted annual rate of $1.44 trillion, rising 1.3% from September and up 3.7% from the year-ago period.  Year-to-date spending grew 4.3% from the first ten months of 2019 to $1.19 billion.

Private construction spending increased 1.4% from September to a seasonally adjusted annual rate of $1.09 trillion.  Residential levels for October expanded 2.9% from the previous month to $637.1 billion, while non-residential totals dipped 0.7% from September to $456.6 billion.  See U.S. Census Bureau

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