Construction spending increased to a seasonally adjusted annual rate of $1,329.5 billion in September 2018. This is just 0.05% higher than August’s estimate which has been revised up from $1,318.5 billion to $1,328.8 billion. July’s estimate was also revised up slightly from $1,317.4 billion to $1,317.7 billion, per the latest report from the U.S. Census Bureau.
The September estimate for total construction spending is 7.2% above where it was a year ago when the September 2017 estimate was $1,40.4 billion. Total construction put in place (CPIP) for the first nine months of 2018 totaled $982.9 billion.
