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November US Construction Spending Up 0.4%
Construction spending during November 2023 was estimated at a seasonally adjusted annual rate of $2,050.1 billion, 0.4% above the revised October estimate of $2,042.5 billion, according to the U.S. Census Bureau. The November figure is 11.3% above the November 2022 estimate of $1,842.2 billion. During the first eleven months of this year, construction spending amounted to $1,817.1 billion, 6.2% above the $1,711.1 billion for the same period in 2022. Spending on private construction was at a seasonally adjusted annual rate of $1,595.0 billion, 0.7% above the revised October estimate of $1,584.4 billion. Residential ... (full story)