U.S. Census Bureau Reports on Monthly Construction Spending for November 2019

Total construction spending during November 2019 was estimated at a seasonally adjusted annual rate of $1,324.1 billion, 0.6% above the revised October estimate of $1,316.8 billion. The November figure is 4.1% above the November 2018 estimate of $1,271.4 billion. During the first eleven months of this year, construction spending amounted to $1,201.6 billion, <-0.8%> below the $1,211.8 billion for the same period in 2018. Spending on private construction was at a seasonally adjusted annual rate of $985.5 billion, 0.4% above the revised October estimate. Residential construction was at a seasonally adjusted annual rate of $536.1 billion in November, 1.9% above the revised October estimate.  Nonresidential construction was at a seasonally adjusted annual rate of $449.4 billion in November, <-1.2 %>) below the revised October estimate.