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Real Estate |
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Summary
The U.S. Census Bureau reported that construction spending increased nearly 1% in September from a downwardly revised August figure. Improvement was driven largely by private residential spending. |
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Nonresidential construction spending continued to weaken overall while the public sector experienced growth of 1.3% from August. |
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Source: U.S. Census Bureau |
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Source: U.S. Census Bureau |
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Private construction spending improved modestly as well during September, up 0.5% from August. Gains in private construction spending were largely offset by declines in private nonresidential construction spending. |
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Total |
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Residential |
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Nonresidential |
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Total |
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Private |
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Public |
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Economic Highlightsรข??November 4, 2009 Index |
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September 2009 Construction Spending Put in Place |
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millions, SAAR |
y/y change |
m/m change |
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Total |
$940,280 |
-13.0% |
0.8% |
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Total nonresidential |
$676,175 |
-6.5% |
-0.4% |
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Private nonresidential |
$357,912 |
-15.4% |
-1.8% |
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Public nonresidential |
$318,264 |
6.1% |
1.3% |
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Total residential |
$264,105 |
-26.3% |
3.9% |
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Private residential |
$255,969 |
-27.0% |
3.9% |