Total
spending on construction projects in the U.S. rose 0.9 percent in November
compared to October. The U.S. Census Bureau estimated that the seasonally
adjusted annual spending on all types of construction was $1.459 trillion
during the month compared to $1.447 trillion the prior month, an 0.9 percent
increase. The rate was up 3.8 percent from annualized spending ($1.406
trillion) in November 2019. On
an unadjusted basis, there was $123.452 billion spent during the month, down
from $128.919 billion in October. For the first 11 months of 2020 expenditures
had totaled $1.314 trillion, up from $1.259 trillion during the same period in
2019, a 4.4 percent gain.

 

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