October Construction Activity Rose 1%

Washington, DC, December 1, 2015— Total construction activity for October 2015 was $1,107.4 billion, 1.0% above the revised September 2015 figure of $1,096.6 billion, according to the U.S. Census Bureau.

The October figure is 13.0% above the October 2014 estimate of $979.6 billion.

During the first 10 months of this year, construction spending amounted to $888.1 billion, 10.7% above the $802.3 billion for the same period in 2014.

Spending on private construction was at a seasonally adjusted annual rate of $802.4 billion, 0.8% above the revised September estimate of $795.8 billion. Residential construction was at a seasonally adjusted annual rate of $399.0 billion in October, 1.0% above the revised September estimate of $395.0 billion. Nonresidential construction was at a seasonally adjusted annual rate of $403.4 billion in October, 0.6% above the revised September estimate of $400.8 billion.

In October, the estimated seasonally adjusted annual rate of public construction spending was $304.9 billion, 1.4% above the revised September estimate of $300.8 billion. Educational construction was at a seasonally adjusted annual rate of $69.2 billion, nearly the same as the revised September estimate of $69.2 billion. Highway construction was at a seasonally adjusted annual rate of $94.1 billion, 1.1% above the revised September estimate of $93.1 billion.