Construction spending up in November
Construction spending during November 2016 was estimated at a seasonally adjusted annual rate of $1,182.1 billion, 0.9 percent above the revised October estimate of $1,171.4 billion.
The November figure is 4.1 percent above the November 2015 estimate of $1,135.5 billion.
During the first 11 months of this year, construction spending amounted to $1,070.9 billion, 4.4 percent above the $1,025.5 billion for the same period in 2015.
Spending on private construction was at a seasonally adjusted annual rate of $892.8 billion, 1.0 percent above the revised October estimate of $884.3 billion. Residential construction was 1.0 percent above October, while nonresidential construction was 0.9 percent above October estimate.
In November, the estimated seasonally adjusted annual rate of public construction spending was $289.3 billion, 0.8 percent above the revised October estimate of $287.1 billion. Educational construction was 2.1 percent above October, while highway construction was 1.1 percent above October.