September Construction Up Slightly Over August But is Down 11.2 Percent YTY

The U.S. Census Bureau reported that construction spending during September 2010 was estimated at a seasonally adjusted annual rate of $801.7 billion, 0.5 percent above the revised August estimate of $797.5 billion. The September figure is 10.4 percent below the September 2009 estimate of $894.8 billion. During the first nine months of this year, construction spending amounted to $612.6 billion, 11.2 percent below the $689.9 billion for the same period in 2009.

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