Total Construction Spending in November 2021 Up Month and Year-Over-Year
MONTHLY CONSTRUCTION SPENDING, NOVEMBER 2021
Private construction spending was at a SAAR of $1,273.6 billion, 0.9% above the revised October estimate of $1,265.8 billion. Residential construction was at a SAAR of $796.3 billion in November, 0.9% above the revised October estimate of $789.1 billion. Nonresidential construction was at a SAAR of $477.3 billion in November, 0.1% above the revised October estimate of $476.6 billion.
In November, the estimated SAAR of public construction spending was $352.3 billion which is -0.2% below the revised October estimate of $353.0 billion. Educational construction was at SAAR of $82.3 billion, 0.3% above the revised October estimate of $82.1 billion. Highway construction was at a SAAR of $102.2 billion, -0.8% below the October estimate of $103.0 billion.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.