Construction spending in October 2010 was $802.3 billion, up 0.7 percent from September but down 9.3 percent from one year earlier.

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during October
2010 was estimated at a seasonally adjusted annual rate of $802.3 billion, 0.7 percent above the revised
September estimate of $797.1 billion. The October figure is 9.3 percent below the October 2009 estimate of
$884.7 billion.

During the first 10 months of this year, construction spending amounted to $684.7 billion, 11.2 percent below the
$770.6 billion for the same period in 2009.

Spending on private construction was at a seasonally adjusted annual rate of $481.8 billion, 0.8 percent above
the revised September estimate of $477.8 billion. Residential construction was at a seasonally adjusted annual rate of
$229.6 billion in October, 2.5 percent above the revised September estimate of $224.0 billion. Nonresidential
construction was at a seasonally adjusted annual rate of $252.2 billion in October, 0.7 percent below the revised
September estimate of $253.8 billion.

In October, the estimated seasonally adjusted annual rate of public construction spending was $320.5 billion, 0.4 percent
above the revised September estimate of $319.2 billion. Educational construction was at a seasonally adjusted
annual rate of $75.0 billion, 1.7 percent below the revised September estimate of $76.3 billion. Highway
construction was at a seasonally adjusted annual rate of $87.0 billion, 1.2 percent above the revised September
estimate of $86.0 billion.

No comments

(c)2002-2009 Stern And Company