New Construction Spending For October 2021

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On December 1, 2021, the U.S. Census Bureau reported nationwide construction spending up 0.1% to $1,598.0 billion in October of 2021 from $1,594.8 billion September of 2021, and rose 8.6% from $1,471.7 billion in October of 2020.

Nationwide private construction down 0.2% to $1,245.0 billion in October of 2021 from $1,247.9 billion in September of 2021.

Residential construction decreased 0.5% of $774.7 billion in October of 2021 from $778.6 billion September of 2021.

Non residential construction higher 0.2% to $470.3 billion in October of 2021 from $469.4 billion in September of 2021.

The public construction increased 1.8% to $353.0 billion in October of 2021 from $346.8 billion in September of 2021.

The educational construction grew 0.2% to $82.2 billion in October of 2021 from $82.0 billion in September of 2021.

The highway construction gained 2.4% to $102.5 billion in October of 2021 from $100.1 billion in September of 2021.

For complete more detailed information about the U.S. Census Bureau on monthly construction spending in October of 2021, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

Comments (16)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning John - hopefully this will continue to grow and supply shortages will get resolved.

Dec 04, 2021 06:13 AM
Kristin Johnston - REALTOR®
RE/MAX Realty Center 262-567-2455 - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your weekend!

Dec 04, 2021 07:09 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good afternoon Grant Schneider I agree, hopefully this will continue to grow and supply shortages will get resolved. Thanks for the comment.

Dec 04, 2021 01:44 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kristin Johnston - REALTOR® you are welcome, and glad you find the report very informative. Enjoy your weekend as well! Thanks for the comment.

Dec 04, 2021 01:45 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

John Pusa - I like this report. Thank you! I had one client in 2021 who had new construction and they moved in, in the month of June. It went by fast, without delays.

I have one under construction now that is expected to be completed in April. It has the foundation, framing, roof, sliding glass doors, retainer wall, electricity, and plumbing completed. We met a few days ago to go over drywall and cabinets. My clients are so excited! So far, it doesn't appear that there will be delay on this one either. 

May your sales soar successfully and may you be blessed. 

Dec 04, 2021 02:45 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Patricia Feager, MBA, CRS, GRI,MRP you are welcome, and glad you find the report very helpful. Good to know, you client just moved in a new completed construction home, and another client will finish a new construction home in April.

Thank you, and may your sales soar successfully and may you be blessed as well! Thanks for the comment.

Dec 04, 2021 08:31 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

That's similar to spending across-the-board in a lot of areas but you're doing a great job

Dec 04, 2021 10:57 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

John as a vacant land specialist I loved your post and is very valuable to both future buyers and sellers of land, keep it up, Endre

Dec 04, 2021 11:54 PM
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

John Pusa , interesting numbers. Locally, I am reading about all the new construction in the Phoenix metro area - industrial, residential, new 280-mile freeway from Nogales to Wickenburg, AZ.  I cannot catch up with the number of cranes in the air in downtown Tempe, Phoenix and the whole metro area.

Dec 05, 2021 10:06 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Sunday morning, John.

Take care, be safe and have an outstanding day.

Dec 05, 2021 10:17 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Laura Cerrano you are right, it similar to spending across-the-board in a lot of areas, but my area doing a good job. Thanks for the comment.

Dec 05, 2021 10:30 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Endre Barath, Jr. you are very knowledgeable vacant land specialist, and glad you find my post very valuable to both future buyers and sellers of land. Thanks for the comment.

Dec 05, 2021 10:38 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Steffy Hristova glad you find the report very interesting. Good to know and it is beneficial about all the residential industrial new construction in the Phoenix metro area, including a new 280-mile freeway from Nogales to Wickenburg, AZ. Thanks for the comment.

Dec 05, 2021 10:41 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Roy Kelley good Sunday morning to you too. Take care, be safe and have an outstanding day as well. Thanks for the comment.

Dec 05, 2021 10:42 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hopefully residential construction rises back up to ease inflation in 2022

Dec 06, 2021 09:54 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Rocky Dickerson you are right, hopefully residential construction increases to ease inflation and demand for housing in 2022. Thanks for the comment.

Dec 06, 2021 02:52 PM