Construction spending down slightly in November

Jan. 5, 2010

Construction spending during November was estimated by the U.S. Commerce Department at a seasonally adjusted annual rate of $900.1 billion, 0.6% below the revised October estimate of $905.6 billion. The November figure is 13.2% below the November 2008 estimate of $1,037.3 billion.

During the first 11 months of this year, construction spending amounted to $868.9 billion, 12.7% below the $994.9 billion for the same period in 2008.

Construction spending during November was estimated by the U.S. Commerce Department at a seasonally adjusted annual rate of $900.1 billion, 0.6% below the revised October estimate of $905.6 billion. The November figure is 13.2% below the November 2008 estimate of $1,037.3 billion.

During the first 11 months of this year, construction spending amounted to $868.9 billion, 12.7% below the $994.9 billion for the same period in 2008.

Public construction spending edged down in November to $318.8 billion, 0.4% below the revised October estimate of $320.1 billion. Highway construction was at a seasonally adjusted annual rate of $87.5 billion, 2.9% below the revised October estimate of $90.2 billion.

Sponsored Recommendations

The Science Behind Sustainable Concrete Sealing Solutions

Extend the lifespan and durability of any concrete. PoreShield is a USDA BioPreferred product and is approved for residential, commercial, and industrial use. It works great above...

Champion Flame Shield® Phenolic Conduit Guide

Learn how Champion Flame Shield® Provides a Safe Solution in Fire Sensitive Applications

Electrical Conduit Comparison Chart

See how fiberglass conduit stacks up to the competition in crucial areas like weight, corrosion resistance and installation cost.

Proven Concrete Protection That’s Safe & Sustainable

Real-life DOT field tests and university researchers have found that PoreShieldTM lasts for 10+ years and extends the life of concrete.