U.S. construction spending in September reached a seasonally adjusted annual rate of $1,573.6 billion, the Census Bureau reported. The September rate marked a decline of 0.5% from August. Meanwhile, the rate increased 7.8% from September 2020. Meanwhile, through the first nine months of 2021, construction spending totaled $1,177.
5 billion. The spending figure marked a 7.1% year-over-year jump. Broken down further, private construction spending reached a seasonally adjusted annual rate of $1,229.9 billion, or down 0.5% from the revised August estimate.…Construction Sector Rejoices As Biden’s Bill Boosts Spending
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