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For additional information relating to this article, please contact:

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

December 01, 2020
US CONSTRUCTION SPENDING, OCTOBER 2020

 

                                                               

Month over month (Oct 2020 vs Sep 2020, seasonally adjusted annual rate)

• US construction spending increased 1.3% to $1,439 billion
• Total Residential construction increased 2.9% to $646 billion
• Total Non-residential construction spending increased 0.0% to $792 billion
• Private sector construction increased 1.4% to $1,094 billion
  • Private residential construction increased 2.9% to $637 billion
  • Private non-residential construction spending decreased 0.7% to $457 billion
• Public sector construction increased 1.0% to $345 billion
  • Public residential construction decreased 1.1% to $9.0 billion
  • Public non-residential construction spending increased 1.0% to $336 billion

 

Year over year (Oct 2020 vs Oct 2019)

• US Construction spending is up 3.7%
• Private sector construction spending is up 3.7%
  • Private residential construction spending is up 14.5%
  • Private non-residential construction spending is decreased 8.2%
• Public sector construction spending is up 3.7%
  • Public residential construction spending is up 24.9%
  • Public non-residential construction spending is up 3.2%

 

Year-to-date (Jan-Oct 2020 vs Jan-Oct 2019)

• US construction spending is up 4.3%
• Private sector construction is up 4.0%
• Public sector construction is up 5.1%
• Total Residential construction is up 9.3%
• Total Non-residential construction is up 0.9%

 

Source: US Census Bureau, retrieved from FRED, Federal Reserve Bank of St. Louis, December 1, 2020.

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