Construction spending in November was at a seasonally adjusted annual rate of $1,181.1 billion, 0.9 percent higher than the October rate of $1,171.4 billion and 4.1 percent above the November 2015 rate of $1,135.5 billion, according to the U.S. Census Bureau.
Construction spending in November was at a seasonally adjusted annual rate of $1,181.1 billion, 0.9 percent higher than the October rate of $1,171.4 billion and 4.1 percent above the November 2015 rate of $1,135.5 billion, according to the U.S. Census Bureau.
November private construction was at a seasonally adjusted annual rate of $892.8 billion, 1 percent above the October rate of $884.3 billion. Residential construction was reported at a rate of $462.9 billion, 1 percent higher than the October rate of $458.2 billion. Nonresidential construction was at a rate of $429.9 billion, a 0.9 percent increase from the October rate of $426.2 billion.