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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

December 03, 2018
US CONSTRUCTION SPENDING, OCTOBER 2018

In October, US construction spending edged down 0.1 per cent to $1,308.8 billion. This follows a revised decline of 0.1 per cent in September, when construction spending totaled $1,310.8 billion. Year-over-year, spending is 4.9 per cent above October 2017.

Private sector construction decreased by 0.4 per cent in October to $998.7 billion, and is up 3.9 per cent over October of last year. Public sector construction was up 0.8 per cent to $310.2 billion in October, and is up 8.5 per cent year-over-year. 

US residential construction was $545.1 billion in October, declined 0.5 per cent month-to-month and increased 1.7 per cent over October 2017. Non-residential construction spending was up 0.1 per cent to $763.8 billion in October, and increased 7.3 per cent year-over-year. 

In the first ten months of 2018, US construction spending (unadjusted) is up 5.1 per cent over the same period in 2017. Residential construction grew by 4.9 per cent, while non-residential grew by 5.2 per cent. Private sector construction increased by 4.4 per cent and public sector construction increased 7.3 per cent, compared to the first ten months of 2017.

Source: US Census Bureau



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