Construction spending on private, residential projects reached a seasonally adjusted annual rate of $346 billion in November, up 17% over November 2012. That's the fastest pace since mid-2008.

Construction spending overall climbed 1% in November according to the U.S. Department of Commerce, and most of that was lead by private construction rather than public projects.

The overall breakdown by segment was: residential construction spending climbed 1.7%, while commercial construction spending increased 0.6%.

Private construction spending of all types rose 2.2%, while public outlays for construction dropped 1.8%.

A full breakdown of the November construction spending report can be found here.

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please