The U.S. government is reporting that total construction spending in October, 2024 was at a seasonally adjusted annual rate of $2,174 billion, which is 0.4% higher than September’s revised number. However, October’s revised estimate is 5% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $934 billion in October, which is 1.5% higher than September’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
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