The 2020 Mid-Year Economic Update_long

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 ...

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.

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