Construction spending during September 2024 was estimated at a seasonally adjusted annual rate of $2,148.8 billion, 0.1 percent above the upward revised August estimate of $2,146.0 billion. The September figure is 4.6 percent above the September 2023 estimate of $2,055.2 billion. The public sector spending spur seems to have been influenced by the end of the federal government’s fiscal year on September 30^th.  During the first nine months of this year, construction spending amounted to $1,621.4 billion, a healthy 7.3 percent above the $1,511.4 billion for the same period in 2023.   Read more....