Construction spending in November was at a seasonally adjusted annual rate of $1,122.5 billion, which is 0.4 percent below the October estimate of $1,127 billion and 10.5 percent above the November 2014 estimate of $1,016.1 billion, according to the U.S. Census Bureau.
Spending on private construction in November was at a seasonally adjusted annual rate of $832.2 billion, a 0.2 percent decline from the October estimate of $829.7 billion.
Residential construction amounted to a rate of $427.9 billion in November, an increase of 0.3 percent from the October estimate of $426.8 billion. Nonresidential construction was at a rate of $400.3 billion, 0.7 percent below the October rate of $402.9 billion.
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