The U.S. government is reporting that total construction spending in October, 2024 was at a seasonally adjusted annual rate of $2,152 billion, which is roughly the same as October’s revised number. However, November’s revised estimate is 3% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $906 billion in November, which is 0.1% higher than October’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
