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November 01, 2022US CONSTRUCTION SPENDING, SEPTEMBER 2022 Month over month (September 2022 vs August 2022, seasonally adjusted annual rate)
US construction spending increased 0.2% to $1,811.1 billion. This follows a decrease of 0.6% reported in August 2022, when construction spending totaled $1,807.0 billion. Total residential construction remained unchanged at $927.3 billion. Total non-residential construction spending increased 0.5% to $883.9 billion.
Private sector construction increased 0.4% to $1,450.3 billion. Private residential construction remained unchanged at $918.0 billion, while private non-residential construction spending increased 1.0% to $532.3 billion.
Public sector construction decreased 0.4% to $360.9 billion. Public residential construction decreased 0.9% to $9.3 billion, while public non-residential construction spending decreased 0.3% to $351.6 billion.
Year-to-date (Jan-Sep 2022 vs Jan-Sep 2021)
US construction spending was up 10.6%
- Total residential construction was up 17.7%
- Total non-residential construction was up 3.8%
- Private sector construction was up 13.3%
- Public sector construction was up 0.8%
Source: US Census Bureau, retrieved from FRED, Federal Reserve Bank of St. Louis