October Construction Spending 0.8% Below September
Construction spending during October 2007 was estimated at a seasonally adjusted annual rate of $1,158.3 billion, 0.8 percent below the revised September estimate of $1,168.0 billion, according to  ; the U.S. Census Bureau of the Department of Commerce.
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The October figure is 0.6 percent below the October 2006 estimate of $1,164.9 billion. During the first 10 months of this year, construction spending amounted to $977.0 billion, 2.8 percent below the $1,005.3 billion for the same period in 2006.
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Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $863.2 billion, 1.4 percent below the revised September estimate of $875.2 billion. Residential construction was at a seasonally adjusted annual rate of …
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