Construction Spending Up Slightly
The U.S. government is reporting that total construction spending in November was at a seasonally adjusted annual rate of $ 1,459.4 billion, which is 0.9% above than October’s revised estimate. In addition, October’s figure was 3.8% higher than November, 2019. Residential construction was at a seasonally adjusted annual rate of $ 658.1 billion in November, which is 2.7% higher than October’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
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