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Construction Spending in November Nudges New Highs

Thu, January 06, 2022 2:50 PM | Anonymous member (Administrator)

The U.S. Census Bureau announced that construction spending during November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4 percent above the upward revised October estimate of $1,618.8 billion. The likely inflation-affected November figure is 9.3 percent above the November 2020 estimate of $1,487.2 billion. During the first eleven months of this year, construction spending amounted to $1,463.2 billion, 7.9 percent above the $1,355.6 billion for the same period in 2020. 

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