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November Total Construction Reaches $1.26 Billion - All-time High

Month-over-month total construction up 0.8 percent - up for the fourth straight month

January 04, 2018

U.S. builders spent 0.8 percent more on construction projects in November, the fourth consecutive monthly gain.

Total Construction spending during November 2017 was estimated at a seasonally adjusted annual rate of $1,257.0 billion, 0.8 percent above the revised October estimate of $1,247.1 billion.

+ The November figure is 2.4 percent above the November 2016 estimate of $1,227.0 billion.

+ During the first eleven months of this year, construction spending amounted to $1,138.3 billion, 4.2 percent above the $1,091.9 billion for the same period in 2016.

Private Construction Spending on private construction was at a seasonally adjusted annual rate of $964.3 billion, 1.0 percent above the revised October estimate of $955.1 billion.

+ Residential construction was at a seasonally adjusted annual rate of $530.8 billion in November, 1.0 percent  above the revised October estimate of $525.3 billion.

+ Nonresidential construction was at a seasonally adjusted annual rate of $433.5 billion in November, 0.9 percent above the revised October estimate of $429.7 billion.

Public Construction In November, the estimated seasonally adjusted annual rate of public construction spending was $292.7 billion, 0.2 percent above the revised October estimate of $292.0 billion.

+ Educational construction was at a seasonally adjusted annual rate of $78.8 billion, 3.8 percent  above the revised October estimate of $75.9 billion.

+ Highway construction was at a seasonally adjusted annual rate of $88.0 billion, 0.8 percent below the revised October estimate of $88.7 billion.

Click here for the U.S. Census Bureau's complete Monthly Construction Spending, November 2017 report

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