September Value of New Construction Sees Small Monthly Change But 14.1% YOY Increase

September Value of New Construction Sees Small Monthly Change But 14.1% YOY Increase

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during September 2015 was estimated at a seasonally adjusted annual rate of $1,094.2 billion, 0.6% above the revised August estimate of $1,087.5 billion. The September figure is 14.1% above the September 2014 estimate of $959.2 billion. During the first nine months of this year, construction spending amounted to $786.6 billion, 10.5% above the $711.8 billion for the same period in 2014.

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