Construction Spending Up Slightly

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The U.S. government is reporting that total construction spending in November was at a seasonally adjusted annual rate of $1,459.4 billion, which is 0.9% above than October’s revised estimate.  In addition, October’s figure was 3.8% higher than November, 2019.  Residential construction was at a seasonally adjusted annual rate of $658.1 billion in November, which is 2.7% higher than October’s revised estimate.

Click here to read the full report at the U.S. Census Bureau.

 

About Author

Brad Beckett

Director of Education & Outreach, National Real Estate Investors Association

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