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October ’18 Construction Spending Slips From All-Time High

Mon, December 03, 2018 2:22 PM | Anonymous member (Administrator)

Construction spending during October 2018 was estimated at a seasonally adjusted annual rate of $1,308.8 billion, 0.1 percent below the significantly downward revised September estimate to $1,310.8 billion. The October figure is still 4.9 percent above the October 2017 estimate of $1,247.5 billion. The decrease occurred in private sector spending (down nearly $4.3 billion, most of it in residential), while public sector sending held close to September levels, aided in part by the start of a new fiscal year for the federal government. During the first ten months of this year, construction spending amounted to $1,096.4 billion, a solid 5.1 percent above the $1,043.6 billion for the same period in 2017.  Read more HERE.

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