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Annual Construction Spending Slides Six Percent in November to $806.7 Billion

Construction spending during Nov. 2010 was estimated at a seasonally adjusted annual rate of $810.2 billion, 0.4 percent above the revised October estimate of $806.7 billion, according to the U.S. Census Bureau. The November figure is six percent below the November 2009 estimate of $861.5 billion. During the first 11 months of 2010, construction spending amounted to $753.9 billion, 10.6 percent below the $843.1 billion for the same period in 2009.

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