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December 04, 2023US CONSTRUCTION SPENDING, OCTOBER 2023 Month over month October 2023 vs September 2023, seasonally adjusted annual rate)
The United States construction spending increased 0.6% to $2,027.1 billion. Total residential construction increased 1.2% to $895.1 billion. Total non-residential construction spending increased 0.1% to $1,131.9 billion.
Private sector construction increased 0.7% to $1,579.3 billion. Private residential construction increased 1.2% to $884.4 billion, while private non-residential construction spending increased 0.1% to $694.8 billion.
Public sector construction increased 0.2% to $447.8 billion. Public residential construction increased 1.6% to $10.7 billion, while public non-residential construction spending increased 0.2% to $437.1 billion.
Year-to-date (January-October 2023 vs January-October 2022)
US construction spending was up 5.5%.
- Total residential construction was down 7.5%
- Total non-residential construction was up 18.9%
- Private sector construction was up 3.3%
- Public sector construction was up 14.1%.
Source: US Census Bureau, retrieved from Federal Reserve Bank of St. Louis using a FRED API.
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