Construction spending - 10:00

Full report here OCTOBER 2009 CONSTRUCTION AT $910.8 BILLION ANNUAL RATE The U.S. Census Bureau of the Department of Commerce announced today that construction spending during October 2009 was estimated at a seasonally adjusted annual rate of $910.8 billion, nearly the same as (±1.6%)* the revised September estimate of $910.4 billion. The October figure is 14.4 percent (±1.6%) below the October 2008 estimate of $1,064.1 billion. During the first 10 months of this year, construction spending amounted to $794.0 billion, 12.6 percent (±1.1%) below the $908.9 billion for the same period in 2008. PRIVATE CONSTRUCTION Spending on private construction was at a seasonally adjusted annual rate of $589.0 billion, 0.3 percent (±1.1%)* above the revised September estimate of $587.2 illion. Residential construction was at a seasonally adjusted annual rate of $250.3 billion in October, 4.4 percent (±1.3%) above the revised September estimate of $239.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $338.6 billion in October, 2.5 percent (±1.1%) below the revised September estimate of $347.5 billion. PUBLIC CONSTRUCTION In October, the estimated seasonally adjusted annual rate of public construction spending was $321.8 billion, 0.4 percent (±2.4%)* below the revised September estimate of $323.2 billion. Educational construction was at a seasonally adjusted annual rate of $85.7 billion, 1.1 percent (±2.9%)* above the revised September estimate of $84.7 billion. Highway construction was at a seasonally adjusted annual rate of $87.2 billion, 0.3 percent (±6.6%)* below the revised September estimate of $87.4 billion.