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Value of New Construction Holds Steady in September but Shows Nice YOY Increase

Construction spending during Sept. 2018 was estimated at a seasonally adjusted annual rate of $1,329.5 billion, nearly the same as the revised August estimate of $1,328.8 billion. The September figure is 7.2% above the Sept. 2017 estimate of $1,240.4 billion. During the first nine months of this year, construction spending amounted to $982.9 billion, 5.5% above the $931.3 billion for the same period in 2017.

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