Keeping you up to date on the latest data releases.
- Construction Spending
Private construction spending increased 1.6 percent from September to October to $592.1 billion and is up 15.5 percent on a year-over-year basis. Residential construction spending continued to lead the gains with an increase of 3 percent over the month. New multi-family construction spending increased 6.2 percent in October and is up 53.2 percent since October 2011. New single-family construction posted a smaller monthly gain of 3.6 percent. Private nonresidential construction spending increased 0.3 percent over the month to $297.9 billion and is up 10.7 percent year-over-year. The lodging and transportation sectors registered the largest monthly gains of 3.5 and 3.9 percent, respectively. Communications construction recorded the largest monthly decline of 6.5 percent.