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Construction Spending Rises in November


January 4 — U.S. construction spending rose 0.4% in November versus the previous month, the U.S. Census Bureau reported.

Spending was at a seasonally adjusted annual rate of $810.2 billion for the month, which was 6% below November 2009.

During the first 11 months of the year, construction spending ran 10.6% below the comparable period in 2009.
  • Spending on private construction in November was 0.3% above October.
  • November residential construction spending was 0.7% above October.
  • Nonresidential construction for the month was 0.1% below the previous month.
  • Public construction in November was 0.7% above the October rate.

Read the complete U.S. Census report.