EconoIndicators

Construction Spending At a Glance

• Total Construction Spending: $1,165.1 billion
• Monthly Change: Up 0.1%
• Year-to-year Change: Down 0.1%
• Private Residential Spending: $484.9 billion
• Monthly Change: Down 2.5%
• Private Non-residential: $375.8 billion
• Monthly Change: Up 1.7%

Technorati Tags: construction, spending

NOVEMBER 2007 CONSTRUCTION AT $1,165.1 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during November
2007 was estimated at a seasonally adjusted annual rate of $1,165.1 billion, 0.1 percent (±1.6%)* above the revised
October estimate of $1,163.6 billion. The November figure is 0.1 percent (±2.4%)* below the November 2006 estimate of
$1,166.3 billion.

During the first 11 months of this year, construction spending amounted to $1,076.2 billion, 2.5 percent (±1.4%) below
the $1,103.9 billion for the same period in 2006.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $860.7 billion, 0.7 percent (±2.2%)* below
the revised October estimate of $866.6 billion. Residential construction was at a seasonally adjusted annual rate of $484.9
billion in November, 2.5 percent (±1.3%) below the revised October estimate of $497.1 billion. Nonresidential
construction was at a seasonally adjusted annual rate of $375.8 billion in November, 1.7 percent (±2.2%)* above the
revised October estimate of $369.5 billion.

PUBLIC CONSTRUCTION

In November, the estimated seasonally adjusted annual rate of public construction spending was $304.3 billion, 2.5
percent (±1.9%) above the revised October estimate of $297.0 billion. Educational construction was at a seasonally
adjusted annual rate of $87.6 billion, 3.3 percent (±2.6%) above the revised October estimate of $84.8 billion. Highway
construction was at a seasonally adjusted annual rate of $81.2 billion, 1.9 percent (±4.5%)* above the revised October
estimate of $79.6 billion.

Construction Spending - November 2007 [PDF]

Construction Spending - November 2007 [Excel]

Source: Commerce Department, Census Bureau