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Construction Spending Slides Back Slightly in September

Mon, November 01, 2021 7:54 AM | Anonymous member (Administrator)

The first signs of supply chain disruptions, inflationary prices, and labor shortages may have crept into the latest U.S. Census Bureau numbers. Construction spending during September 2021 was estimated at a seasonally adjusted annual rate of $1,573.6 billion, 0.5 percent below the already downward revised August estimate of $1,582.0 billion, with the bulk of the slowdown coming in residential spending. However, the September figure is 7.8 percent above the September 2020 estimate of $1,459.3 billion. During the first nine months of this year, construction spending amounted to $1,177.5 billion, 7.1 percent above the $1,099.8 billion for the same period in 2020.

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