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Construction spending steady in September

Post Time:Nov 12,2013Classify:Industry NewsView:121

Construction spending in September reached an estimated $1,195.9 billion, up 2.9 percent compared to September 2005, according to a Nov. 1 release from the U.S. Census Bureau. Spending in the month stayed relatively level with the estimated $1,200 billion spent in August. Residential construction fell 6.7 percent from the same period last year to $618.4 billion. Nonresidential construction, up 15.7 percent over September 2005, reached $577.5 billion. In the nonresidential private category, lodging saw the biggest year-over-year gains at $22.4 billion, up 66.2 percent from the $13.5 billion in September 2005. Office construction edged up 1.3 percent from August to $58.7 billion, up 22.8 percent from last year, according to the release. Health care slipped 0.4 percent from August to $42.9 billion, but still sits 10.1 percent compared with last year. Spending on education reached 86 billion, a 2.8 increase over August and 10.9 percent increase over September 2005, according to the release. Click here to view the full Census report.Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/construction-spending-steady-septemberAuthor:

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