October Construction Keeps Pace With September But Down 14.4 Percent YTY

The U.S. Census Bureau of the Department of Commerce announced that construction spending during October 2009 was estimated at a seasonally adjusted annual rate of $910.8 billion, nearly the same as the revised September estimate of $910.4 billion.

The October figure is 14.4 percent below the October 2008 estimate of $1,064.1 billion. During the first 10 months of this year, construction spending amounted to $794.0 billion, 12.6 percent below the $908.9 billion posted for the same per

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