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US Construction Spending Rose 0.4% in November
Construction spending during November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4% above the revised October estimate of $1,618.8 billion, according to the U.S. Census Bureau. The November figure is 9.3% above the November 2020 estimate of $1,487.2 billion. During the first eleven months of this year, construction spending amounted to $1,463.2 billion, 7.9% above the $1,355.6 billion for the same period in 2020. Spending on private construction was at a seasonally adjusted annual rate of $1,273.6 billion, 0.6% above the revised October estimate of $1,265.8 billion. Residential ... (full story)