Private Construction Little-Changed Near 6-Year Highs

Total construction expenditures nationwide
in October are estimated to have been at a seasonally adjusted annual rate of
$971.0 billion.  The Census Bureau said
that this represented an increase of 1.1 percent from the September estimate of
$960.3 billion and was 3.3 percent higher than a year earlier when total expenditures
were at a rate of $939.9 billion.

Total residential spending in October was
at a rate of $359.2 billion, an increase of 1.3 percent month-over-month and
1.7 percent year-over-year. 



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