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Construction Spending Annual Rates for November 2015

By January 4, 2016 November 19th, 2019 Construction Law

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.

Eli Robbins

Author Eli Robbins

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