Construction Spending Increases 1.0% In November

The U.S. Census Bureau of the Department of Commerce announced today that total construction spending during November 2013 was estimated at a seasonally adjusted annual rate of $934.4 billion. That is 1.0% above the October revised estimate of $925.1 billion. The November figure is 5.9% above the November 2012 estimate of $882.7 billion.

Private residential construction spending was at a SAAR of $345.5 billion in November, 1.9% above the revised October estimate of $339.2 billion. It is up 15.4% from a year ago.

Private nonresidential construction spending was at a SAAR of $313.9 billion in November, 2.7% above the revised October estimate of $305.7 billion. It is down 1.5% from a year ago.

Public construction spending was at a SAAR of $275.0 billion, 1.8% below the October estimate of $280.2 billion. It is up 0.2% from a year ago.

  • Educational construction was at a SAAR of $65.2 billion, 1.1% above the October estimate of $64.4 billion.
  • Highway construction was at a SAAR of $82.0 billion, 0.4% below the October estimate of $82.4 billion.

Construction Spending 600x391 Construction Spending Increases 1.0% In November

Construction Spending Change1 600x391 Construction Spending Increases 1.0% In November

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