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October Value of New Construction is Tracking +4.9% YOY at $1,308.8 Billion

Construction spending during October 2018 was estimated at a seasonally adjusted annual rate of $1,308.8 billion, -0.1% below the revised September estimate of $1,310.8 billion, according to the U.S. Commerce Dept. The October figure is +4.9% above the Oct. 2017 estimate of $1,247.5 billion. During the first ten months of this year, total construction spending in the United States amounted to $1,096.4 billion, +5.1% above the $1,043.6 billion for the same period in 2017.

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