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November Construction Spurts Ahead

Tue, January 05, 2021 5:09 PM | Anonymous

Construction spending during November 2020 set another RECORD seasonally adjusted annual rate at $1,459.4 billion, 0.9 percent above the upward revised October estimate of $1,446.9 billion. The November figure is 3.8 percent above the November 2019 estimate of $1,405.5 billion. Most of the gains were in the housing/residential markets (+$17 billion), while nonresidential slipped some $3.8 billion.  During the first eleven months of this year, construction spending amounted to $1,314.1 billion, a very respectable 4.4 percent above the $1,258.8 billion for the same period in 2019.

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