By Editor
December 4, 2014
New data shows that construction spending increased from September to October and experienced its largest month-to-month gain since May, averaging a seasonally adjusted rate of $971 billion. According to the U.S. Census, construction spending exceeded the previous estimates of $939.9 billion. Residential construction was 1.3% above the estimated average, and private construction spending averaged 0.6% above previous estimations. Additionally, the seasonally-adjusted annual rate of public construction spending was 2.3% above the estimated average. More here