Construction Increases 1.2% in November

The Department of Commerce said construction spending during Nov. 2011 was estimated at a seasonally adjusted annual rate of $807.1 billion, 1.2 percent above the revised Oct. 2011 estimate of $797.4 billion. The November figure is 0.5 percent above the Nov. 2010 estimate of $803 billion. During the first 11 months of this year, construction spending amounted to $724.8 billion, 2.5 percent below the $743.6 billion for the same period in 2010.

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