Keeping you up to date on the latest data releases.
- Construction Spending
The construction industry showed signs of continued recovery with private construction spending increasing by 1.3 percent in September to $580.5 billion. The recovery was led by a 2.8 percent increase in residential construction spending. Single and multi-family spending saw monthly gains of 3.9 and 1.3 percent, respectively. Although multi-family spending registered a smaller increase than in August, it is up 48.9 percent since last September. Private nonresidential spending fell 0.1 percent in September to $294.6 billion, but is still up 8.8 percent since last year. Healthcare construction recorded the largest monthly decline of 6.3 percent.