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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

December 02, 2019
US CONSTRUCTION SPENDING, OCTOBER 2019

In October 2019, US construction spending (seasonally adjusted annual rate) decreased 0.8 per cent to $1,291 billion. This follows a revised loss of 0.3 per cent reported in September 2019, when construction spending totaled $1,302 billion. Total Residential construction decreased 1.3 per cent to $454 billion. Total Non-residential construction spending decreased 0.7 per cent to $777 billion.

Year-over-year, spending is 1.1 per cent above October 2019.

Private sector construction decreased 1.0 per cent to $956 billion and is down 1.8 per cent over October 2019.

  • Residential construction decreased 0.9 per cent to $508 billion and is up 0.5 per cent over October 2019.
  • Non-residential construction spending decreased 1.2 per cent to $448 billion and decreased 4.3 per cent over October 2019.

. Public sector construction decreased 0.2 per cent to $335 billion and is up 10.2 per cent over October 2019.

  • Residential construction decreased 6.9 per cent to $6 billion and is down 10.2 per cent over October 2019.
  • Non-residential construction spending decreased 0.1 per cent to $328 billion, and up 10.4 per cent over October 2019.

Year-to-date (January-October 2019), US construction spending is down 1.5 per cent over January-October 2018.

  • Private sector construction is down 4.0 per cent.
  • Public sector construction is up 6.4 per cent.
  • Total Residential construction is down 0.6 per cent.
  • Total Non-residential construction is up 2.3 per cent.

Source: US Census Bureau



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