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US construction spending increases solid 0.9% in November led by strong gain in home building

2 monthes ago   |   By Stl Today

WASHINGTON - US construction spending increases solid 0.9% in November led by strong gain in home building.
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US construction spending increases solid 0.9% in November

2 monthes ago   |   By Chron

WASHINGTON - Spending on U.S. construction projects increased 0.9% in November as strength in home building offset weakness in other parts of the construction industry.
The November gain followed a bigger 1.6% rise in October and left construction spending up 4.4% through the first 11 months of 2020 compared to the same period in 2019, according to the Commerce Department.
For November, spending on residential construction rose 2.7% with single-family construction surging 5.1 percent while apartment construction was flat, according to the new data released Monday. Record low mortgage rates...
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Construction Spending Increased 0.9% in November

Construction Spending Increased 0.9% in November

2 monthes ago   |   By Calculated Risk

From the Census Bureau reported that overall construction spending increased:
Construction spending during November 2020 was estimated at a seasonally adjusted annual rate of $1,459.4 billion, 0.9 percent above the revised October estimate of $1,446.9 billion. The November figure is 3.8 percent above the November 2019 estimate of $1,405.5 billion.
emphasis added Private spending increased and public spending decreased:
Spending on private construction was at a seasonally adjusted annual rate of $1,111.8 billion, 1.2 percent above the revised October estimate of $1,098.6 billion....
In...
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