U.S. Construction Spending Up in September and for the First Nine Months of 2020.

The U.S. Census Bureau has announced that total construction spending during September 2020 was estimated at a seasonally adjusted annual rate of $1,414.0 billion, 0.3% above the revised August estimate of $1,410.4 billion. The September figure is 1.5% above the September 2019 estimate. During the first nine months of this year, construction spending amounted to $1,058.5 billion, 4.1% above the $1,016.7 billion for the same period in 2019. Spending on private construction was at a seasonally adjusted annual rate of $1,074.9 billion, 0.9% above the revised August estimate. Residential construction was at a seasonally adjusted annual rate of $610.9 billion in September, 2.8% above the revised August estimate. Nonresidential construction was at a seasonally adjusted annual rate of $464.1 billion in September, -1.5% below the revised August estimate. In September, the estimated seasonally adjusted annual rate of public construction spending was $339.1 billion, 1.7% the revised August estimate. Educational construction was at a seasonally adjusted annual rate of $85.3 billion, 2.0% above the revised August estimate. of $83.7 billion. Highway construction was at a seasonally adjusted annual rate of $89.3 billion, -5.4% below the revised August estimate.