Construction spending rises
The U.S. Census Bureau announced that construction spending during November 2015 was estimated at a seasonally adjusted annual rate of $1,122.5 billion.
The November figure is 0.4 percent below the revised October estimate of $1,127.0 billion, but 10.5 percent above the November 2014 estimate of $1,016.1 billion.
During the first 11 months of the year, construction spending amounted to $1,011.9 billion, 10.7 percent above the $913.9 billion for the same period in 2014.
Spending on private construction was at a seasonally adjusted annual rate of $828.2 billion, 0.2 percent below the revised October estimate of $829.7 billion. Residential construction was at a seasonally adjusted annual rate of $427.9 billion in November, 0.3 percent above the revised October estimate of $426.8 billion. Nonresidential construction was at a seasonally adjusted annual rate of $400.3 billion in November, 0.7 percent below the revised October estimate of $402.9 billion.
In November, the estimated seasonally adjusted annual rate of public construction spending was $294.3 billion, 1.0 percent below the revised October estimate of $297.3 billion. Educational construction was at a seasonally adjusted annual rate of $71.2 billion, 5.0 percent (±3.9%) above the revised October estimate of $67.8 billion. Highway construction was at a seasonally adjusted annual rate of $90.7 billion, 1.3 percent below the revised October estimate of $92.0 billion.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
