Construction Spending Annual Rates for October 2015

December 1, 2015

Eli Y. Robbins Construction Law


According to the U.S. Census Bureau of the Department of Commerce, total construction spending for October 2015 was estimated at a seasonally adjusted annual rate of $1,107.4 billion.  This rate is an increase of 1.0 percent from the revised September estimate of $1,096.6 billion.  Compared to a year ago, the October rate is up 13.0 percent from that of the October 2014 rate, which was estimated at $979.6 billion.  So far this year, construction spending has totaled $888.1 billion, an increase of 10.7 percent compared to the $802.3 billion for the first ten months of 2014.

Private construction spending in October was estimated at a seasonally adjusted annual rate of $802.4 billion, rising 0.8 percent from the revised September estimate of $795.8 billion.  Residential construction spending for October was at a seasonally adjusted annual rate of $399.0 billion, an increase of 1.0 percent from the previous month’s revised estimate of $395.0 billion.  Nonresidential construction spending for October was estimated at $403.4 billion, up 0.6 percent from the revised September estimate of $400.8 billion.

Public construction spending in October was estimated at a seasonally adjusted annual rate of $304.9 billion, up 1.4 percent from the revised September estimate of $300.8 billion.  Educational construction spending was at an adjusted rate of $69.2 billion, remaining nearly unchanged from the revised September estimate of $69.2 billion.  Highway construction spending was estimated at an adjusted rate of $94.1 billion for October, rising 1.1 percent from the revised September estimate of $93.1 billion.

For more information, read the complete U.S. Census Bureau of the Department of Commerce Press Release by clicking here.