The U.S. Census Bureau announced the following value put in place construction statistics for October 2024: Total Construction – Construction spending during October 2024 was estimated at a seasonally adjusted annual rate of $2,174.0 billion, 0.4 percent (±1.2 percent)* above the revised September estimate of $2,164.7 billion. The October figure is 5.0 percent (±1.5 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, 7.2 percent (±1.2 percent) above the $1,693.2 billion for the same period in 2023. Private Construction – Spending on private construction was at a seasonally adjusted annual rate of $1,676.4 billion, 0.7 percent (±0.7 percent)* above the revised September estimate of $1,664.7 billion. Residential construction was at a seasonally adjusted annual rate of $934.0 billion in October, 1.5 percent (±1.3 percent) above the revised September estimate of $920.3 billion. Nonresidential construction was at a seasonally adjusted annual rate of $742.3 billion in October, 0.3 percent (±0.7 percent)* below the revised September estimate of $744.4 billion. Public Construction – In October, the estimated seasonally adjusted annual rate of public construction spending was $497.6billion, 0.5 percent (±2.0 percent)* below the revised September estimate of $500.0 billion. Educational construction was at a seasonally adjusted annual rate of $105.3 billion, 0.4 percent (±2.5 percent)* below the revised September estimate of $105.7 billion. Highway construction was at a seasonally adjusted annual rate of $141.1 billion, 0.7 percent (±5.3 percent)* below the revised September estimate of $142.1 billion.
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com