Total private construction spending is down for the month of October due to a slight dip in multifamily housing spending, while spending among single-family homes is up for the month, reports the U.S. Census Bureau in a survey released Monday.

The seasonally adjusted rate of total private construction spending in the residential market is approximately $508.2 million, a 0.9% decrease from the month before but a 0.5% increase from October 2018.

At a rate of approximately $279 million for spending in October 2019, the new single-family home sector is up from September by 1.6% but down from October last year by 3.1%. New multifamily private construction spending is down for the month by 1.6% to approximately $59.5 million and down for the year by 2.1%.

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