U.S. total construction spending rises 0.8 percent in November 2017
For the first 11 month of 2017, total spending rose 4.2 percent compared to the same period in 2016.
The U.S. Census Bureau has announced the following value put in place construction
statistics for November 2017:
Total Construction
Construction spending during November 2017 was estimated at a seasonally adjusted annual rate of
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$1,257.0 billion, 0.8 percent (±1.2 percent)* above the revised October estimate of $1,247.1 billion.
The November figure is 2.4 percent (±1.5 percent) above the November 2016 estimate of $1,227.0 billion. During the first 11 months of this year, construction spending amounted to $1,138.3 billion, 4.2 percent (±1.0 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 (± 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 (±1.3 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 (± 1.0 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 (±2.0 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 (±2.5 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 (±4.6 percent)* below the revised October estimate of $88.7 billion.
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