Prior month +0.7%

US private construction spending +0.6%. Public spending +0.7% for September.

  • The index is at the highest level in 7 1/2 years (since March 2008).
  • The index was pushed up by a surge in apartment buildings (up 4.9%).
  • Single family homes rose by 1.3%.
  • Private sector construction roasted highest level since January 2008

Construction is a positive for the US economy. IN the GDP data last week, private investment in housing grew by 6.1% annually.