Value of New Construction Up 5.8% YOY to $939.9 Billion for First 10 Months of 2014

Value of New Construction Up 5.8% YOY to $939.9 Billion for First 10 Months of 2014

The Department of Commerce said construction spending during Oct. 2014 was estimated at a seasonally adjusted annual rate of $971 billion, 1.1% above the revised September estimate of $960.3 billion. The October figure is 3.3% above the Oct.  2013 estimate of $939.9 billion. During the first 10 months of this year, construction spending amounted to $800.6 billion, 5.8% above the $756.5 billion for the same period in 2013.

Private construction. Spending on private construction wa

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