Construction put in place during October 1997 was estimated at a seasonally adjusted annual rate of $605.5 billion, nearly the same (+/— 5 percent) as the revised September estimate of $604.8 billion, according to the U.S. Commerce Department's Bureau of the Census. The October figure represents a 4 (+/— 5) percent increase over October 1996.

During the first 10 months of this year $500.9 billion of construction was put in place, 6 percent above the $474.0 billion for the same period in 1996.

In constant (1992) dollars, the October annual rate was $509.2 billion, nearly the same (+/— 5 percent) as the revised estimate of $509.1 billion for September.

Spending on new residential housing units was at a seasonally adjusted annual rate of $189.8 billion in October, 2 (+/—2) percent above the revised September estimate of $186.6 billion. Nonresidential building construction was at a rate of $160.7 billion, 1 (+/— 3) percent below the revised September estimate of $162.6 billion.

In October, the estimated seasonally adjusted annual rate of public construction put in place was $139.1 billion, 1 (+/— 5) percent above the revised September estimate of $138.3 billion.

			Oct 97(p)	Sep 97(r)	Oct 96(r)
Total new construction	605.5		604.8		584.1
			509.2		509.1		502.6

Private construction-X  466.4		466.6		449.0
			391.0		391.8		385.0
Residential buildings-Y 265.6		263.7		247.9
			220.3		219.6		210.8
Nonresidential 
	buildings	160.7		162.6		159.3
			136.1		137.4		137.8

Public construction	139.1		138.3		135.2
			118.2		117.4		117.6

(p)–Preliminary.
(r)–Revised.

X–Includes the following categories of private construction not shown separately: residential improvements, railroads, electric light and power, gas, petroleum pipelines, and farm nonresidential.

Y–Includes improvements.

December 1, 1997 U.S. Department of Commerce

Statistics

12/02 CHICAGO BOT DELIVERABLE GRAIN STOCKS

12/02 REDBOOK RETAIL AVERAGES Retail Sales Index

12/04 UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

12/01 U.S. EXPORT INSPECTIONS

12/04 EXPORT SALES REPORT

12/01 NAPM REPORT ON BUSINESS

12/02 COMPOSITE INDEXES OF LEADING, COINCIDENT, AND LAGGING OCTOBER 1997

12/02 OUTLOOK FOR U.S. AGRICULTURAL EXPORTS

12/01 OCTOBER 1997 CONSTRUCTION AT $605.5 BILLION ANNUAL RATE

12/04 HOUSING COMPLETIONS SUMMARY OF FINDINGS

12/03 OCTOBER 1997 NEW HOUSING SALES AT ANNUAL RATE OF 797,000

12/04 PRODUCTIVITY AND COSTS Third Quarter 1997

12/05 THE EMPLOYMENT SITUATION NOVEMBER 1997

12/05 MANUFACTURERS' SHIPMENTS INVENTORIES AND ORDERS OCTOBER 1997

Consensus National Futures and Financial On Line Index

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