U.S. Construction spending declines 0.8% in October

Construction spending during October was estimated at a seasonally adjusted annual rate of $1.291 trillion, falling 0.8% from the revised September estimate of $1.302 trillion, the U.S. Census Bureau said. Despite the decline, the organization reports October’s construction spending was 1.1% above last year’s rate.

3d rendering of a row of luxury townhouses along a street

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