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.