U.S. construction spending rose 0.1% in September to an annual rate of $2.149 trillion.

U.S. construction spending rose by 0.1% in September to an annual rate of $2.149 trillion, exceeding expectations. Public construction increased by 0.5%, driven by gains in educational and highway projects. Private construction spending remained steady at $1.654 trillion, with residential construction up 0.2% and non-residential construction down 0.1%. The annual growth rate of construction spending is now 4.6%, up from 4.1% the previous month.

November 01, 2024
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