Construction spending in September was $851.6 billion, 0.6 percent above the revised August estimate of $846.2 billion, according to the latest release from the U.S. Census Bureau. The September figure is 7.8 percent above the September 2011 estimate of $790.3 billion.
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During the first 9 months of this year, construction spending was $624.8 billion, 8.9 percent above the $573.7 billion figure for the same period in 2011.
Spending on private construction was at a seasonally adjusted annual rate of $580.5 billion, 1.3 percent above the revised August estimate of $572.8 billion. Residential construction was at a seasonally adjusted annual rate of $285.9 billion in September, 2.8 percent above the revised August estimate of $278 billion. Nonresidential construction was at a seasonally adjusted annual rate of $294.6 billion, 0.1 percent below the revised August estimate of $294.8 billion.
In September, the estimated seasonally adjusted annual rate of public construction spending was $271.1 billion, 0.8 percent below the revised August estimate of $273.4 billion. Educational construction was at a seasonally adjusted annual rate of $66.7 billion, 0.8 percent below the revised August estimate of $67.2 billion. Highway construction was at a seasonally adjusted annual rate of $78.4 billion, 1.6 percent below the revised August estimate of $79.6 billion.
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