Construction Spending Up Slightly in November

ADVANCED SEARCH

READER'S CHOICE
Most Popular Stories

• HD Supply CEO: Slowing Infrastructure Sector Won't Fall Far
• Wolseley Profit Declines 30% in 1Q
• Construction Markets Outlook
• MAPI Report: U.S. Economy in Recession
• State of the Distribution Software Industry, Part 4: The Next Steps for Distributors

HOME
ABOUT MDM
CONTACT US
CUSTOMER SERVICE

E-Mail This Article

Printer-Friendly Version

Related Articles from MDM

MDM Databank

Untitled Document

January 2, 2008

Construction Spending Up Slightly in November

Construction spending during November 2007 was estimated at a seasonally adjusted annual rate of $1,165.1 billion, 0.1 percent above October, according to the U.S. Census Bureau. The November figure is 0.1 percent below the November 2006 estimate.

During the first 11 months of this year, construction spending amounted to $1,076.2 billion, 2.5 percent below the $1,103.9 billion for the same period in 2006.

Private Construction

Spending on private construction was at a seasonally adjusted annual rate of $860.7 billion, 0.7 percent below the revised October estimate.

Residential construction was at a seasonally adjusted annual rate of $484.9 billion in November, 2.5 percent below the revised October estimate. Nonresidential construction was at a seasonally adjusted annual rate of $375.8 billion in November, 1.7 percent above October.

Public Construction

In November, the estimated seasonally adjusted annual rate of public construction spending was $304.3 billion, 2.5 percent above the revised October estimate. Educational construction was at a seasonally adjusted annual rate of $87.6 billion, 3.3 percent above October.

Highway construction was at a seasonally adjusted annual rate of $81.2 billion, 1.9 percent above the revised October estimate of $79.6 billion.

The full release is here.

More Breaking News