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In The News:

Construction Spending Rises in November

January 3, 2011
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Construction spending in November was estimated at a seasonally adjusted annual rate of $810.2 billion, 0.4 percent above October.

The November figure is 6 percent below November 2009. During the first 11 months of the year, construction spending amounted to $753.9 billion, 10.6 percent below the $843.1 billion for the same period in 2009.

Spending on private construction was at a seasonally adjusted annual rate of $491.8 billion, 0.3 percent above October. Residential construction was at a seasonally adjusted annual rate of $235.7 billion in November, 0.7 percent above October. Nonresidential construction was at a seasonally adjusted annual rate of $256.1 billion in November, 0.1 percent below October.

In November, the estimated seasonally adjusted annual rate of public construction spending was $318.5 billion, 0.7 percent above October. Educational construction was at a seasonally adjusted annual rate of $73.4 billion, 1 percent above October. Highway construction was at a seasonally adjusted annual rate of $86.8 billion, 1 percent below October.

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