Construction crew, San Francisco, 2017 Photo by Justin Sullivan/Getty Images

September Value of New Construction Up 4.3% Year-Over-Year to $1,219.5 Billion

Private construction slips from previous month but still up more than 11% from last year.

Construction spending during September 2017 was estimated at a seasonally adjusted annual rate of $1,219.5 billion, 0.3% above the revised August estimate of $1,216 billion, according to the U.S. Commerce Dept. The September figure is 2% above the September 2016 estimate of $1,195.6 billion. During the first nine months of this year, construction spending amounted to $917 billion, 4.3% above the $879.6 billion for the same period in 2016.

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