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Construction Spending up Big Year-Over-Year
Tuesday, December 1, 2015
Both overall construction spending and spending for
residential purposes in October was little changed from September according to
data released by the Census Bureau on Tuesday.
Spending on both publicly and privately funded construction however was
significantly higher than in October 2014.
Construction spending overall was at a seasonally adjusted
annual rate of $1,107.4 billion during the month, a 1.0 percent increase over
the September estimate of $1,096 billion and 13.0 percent higher than a year
earlier when spending was $979.6 billion.
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