Construction spending during October 2024 was estimated at a seasonally adjusted annual rate of $2,174.0 billion, 0.4 percent above the upward revised September estimate of $2,164.7 billion. However, all of the improvement over the revised numbers was narrowly confined to private residential construction spending. Notwithstanding, the October figure is 5.0 percent above the October 2023 estimate of $2,071.1 billion.  During the first ten months of this year, construction spending amounted to $1,814.8 billion, a solid 7.2 percent above the $1,693.2 billion for the same period in 2023.  READ MORE ....