Construction spending during September was estimated at a seasonally adjusted annual rate of $1.06 trillion, 0.3 percent below the revised August estimate of $1.063 trillion. The September figure is 6.6 percent below the September 2007 estimate of $1.134 trillion. During the first nine months of this year, construction spending amounted to $807.3 billion, 6.2 percent below the $860.5 billion for the same period in 2007.

Spending on private construction was at a seasonally adjusted annual rate of $751.7 billion, 0.1 percent above the revised August estimate of $751.1 billion. Residential construction was at a seasonally adjusted annual rate of $336.5 billion in September, 1.3 percent below the revised August estimate of $340.8 billion. Nonresidential construction was at a seasonally adjusted annual rate of $415.2 billion in September, 1.2 percent above the revised August estimate of $410.3 billion.