The U.S. Census Bureau announced the “put in place” construction spending during October 2023 was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.6 tenths of a percent above the upward revised September estimate of $2,014.7 billion. The October figure is 10.7 percent above the October 2022 estimate of $1,830.5 billion. During the first ten months of this year, construction spending amounted to $1,646.0 billion, a healthy 5.6 percent above the $1,559.1 billion for the same period in 2022. 

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