Construction spending during November 2006 was estimated at a seasonally adjusted annual rate of $1,184.1 billion, 0.2 percent below the revised October estimate of $1,186.7 billion. The November figure is 0.1 percent above the November 2005 estimate of $1,183.1 billion.
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During the first 11 months of this year, construction spending amounted to $1,110.5 billion, 5.4 percent above the $1,053.4 billion for the same period in 2005.
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Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $905.8 billion, 0.6 percent below the revised October estimate of $911.0 billion. Residential construction was at a seasonally adjusted annual rate of $589.3 billion in November, 1.6 percent below the revised October estimate of $599.0 billion. Nonresidential construction was at a seasonally adjusted annual rate of $316.5 billion in November, 1.4 percent above the revised October estimate of $312.0 billion.
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Public Construction
In November, the estimated seasonally adjusted annual rate of public construction spending was $278.4 billion, 1.0 percent above the revised October estimate of $275.7 billion. Educational construction was at a seasonally adjusted annual rate of $72.6 billion, 2.3 percent above the revised October estimate of $70.9 billion. Highway construction was at a seasonally adjusted annual rate of $77.0 billion, 0.4 percent above the revised October estimate of $76.7 billion.
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Economic indicators at MDM’s Databank.  ;
