Delayed November Construction Numbers Largely Positive

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Posted To: MND NewsWire

Construction spending rose 0.8 percent in November to a seasonally adjusted rate of $1.30 trillion compared to $1.29 trillion in October. The Census Bureau report, delayed from its original release date in early January by the partial government showdown, shows overall construction spending up 4.5 percent from November 2017. On an unadjusted basis there was $108.33 billion spent on overall construction, both private and public, during the month compared to $115.84 billion in October. Year-to-date (YTD) spending through the end of November was $1.20 trillion, up from 1.15 trillion during the first 11 months of 2017. Private sector funds spent on construction in November were a seasonally adjust $993.4 billion, a 1.3 percent increase from October and up 2.3 percent year-over-year. Unadjusted…(read more)

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