Construction Spending Up 0.5 YOY in November - Modern Distribution Management

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Construction Spending Up 0.5 YOY in November

In first 11 months of 2011, construction spending was 2.5% below the same period in 2010.
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Construction spending inched up 1.2 percent in November from the previous month, estimated at a seasonally adjusted annual rate of $807.1 billion. The November figure is 0.5 percent above November 2010.

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During the first 11 months of the year, construction spending was $724.8 billion, 2.5 percent below the $743.6 billion for the same period in 2010.

Spending on private construction was at a seasonally adjusted annual rate of $522.3 billion, 1 percent above October. Residential construction was at a seasonally adjusted annual rate of $243.7 billion in November, 2 percent above October. Nonresidential construction was at a seasonally adjusted annual rate of $278.6 billion in November, nearly the same as October.

In November, the estimated seasonally adjusted annual rate of public construction spending was $284.9 billion, 1.7 percent above the revised October estimate of $280.1 billion. Educational construction was at a seasonally adjusted annual rate of $71.9 billion, 0.5 percent above October. Highway construction was at a seasonally adjusted annual rate of $82.9 billion, 1.9 percent above October.

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