Construction Spending Annual Rates for November 2015


According to the U.S. Census Bureau of the Department of Commerce, total construction spending for November 2015 was estimated at a seasonally adjusted annual rate of $1,122.5 billion, a decrease of 0.4 percent from the revised October estimate of $1,127.0 billion.  Compared to a year ago, the November rate is up 10.5 percent from that of the November 2014 rate, which was estimated at $1,016.1 billion.  So far this year, construction spending has totaled $1,011.9 billion, an increase of 10.7 percent compared to the $913.9 billion for the first eleven months of 2014.

Private construction spending in November was estimated at a seasonally adjusted annual rate of $828.2 billion, decreasing 0.2 percent from the revised October estimate of $829.7 billion.  Residential construction spending for November was at a seasonally adjusted annual rate of $427.9 billion, an increase of 0.3 percent from the previous month’s revised estimate of $426.8 billion.  Nonresidential construction spending for November was estimated at $400.3 billion, down 0.7 percent from the revised October estimate of $402.9 billion.

Public construction spending in November was estimated at a seasonally adjusted annual rate of $294.3 billion, down 1.0 percent from the revised October estimate of $297.3 billion.  Educational construction spending was at an adjusted rate of $71.2 billion, increasing 5.0 percent from the revised October estimate of $67.8 billion.  Highway construction spending was estimated at an adjusted rate of $90.7 billion for November, dropping 1.3 percent from the revised October estimate of $92.0 billion.

For more information, read the complete U.S. Census Bureau of the Department of Commerce Press Release by clicking here.