The November 2011 spending value from the US Census Bureau of the Department of Commerce was 0.5% higher than the November 2010 estimate of US$803bn.
During the first 11 months of 2011, construction spending amounted to US$724.8bn, which was 2.5% below the US$743.6bn figure for the the same period in 2010.
Spending on private construction was at a seasonally adjusted annual rate of $522.3bn, which was 1% up on October. Residential construction was at a seasonally adjusted annual rate of $243.7bn in November, 2% above the revised October estimate of US$238.9bn. Non-residential construction was at a seasonally adjusted annual rate of US$278.6bn in November, nearly the same as the October value.
In November, the estimated seasonally adjusted annual rate of public construction spending was US$284.9bn, 1.7% above the revised October estimate of US$280.1bn. Educational construction was at a seasonally adjusted annual rate of US$71.9bn, 0.5% more than October. Highway construction was at a seasonally adjusted annual rate of US$82.9bn, 1.9% above the revised October estimate of US$81.3bn.
Got a story? Email news@theconstructionindex.co.uk
