U.S Construction increases 13% in 2015

December 2015

According to the U.S Census Bureau of the Department of Commerce spending on construction during October 2015 was estimated at a seasonally adjusted annual rate of $1,107.4 billion, a 1% above the revised September estimate of $1,096.6 billion. The October 2015 figure is 13% above the October 2014 estimate of $979.6 billion.

During the first 10 months of this year, construction spending has increased 10.7% ($888.1 billion) from 2014 ($802.3 billion) during the same period. Residential construction is at a seasonally adjusted rate of $399.0 billion in October 2015, a 1% increase from the revised September estimate of $395.5 billion.

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