Rock Products - The Leading Voice of the Aggregate Industries.

Construction Spending Up in November


The U.S. Census Bureau of the Department of Commerce reported that construction spending during November 2013 was estimated at a seasonally adjusted annual rate of $934.4 billion, 1.0 percent (±1.6 percent) above the revised October estimate of $925.1 billion. The November figure is 5.9 percent (±2.0 percent) above the November 2012 estimate of $882.7 billion.

In November, the estimated seasonally adjusted annual rate of public construction spending was $275.0 billion, 1.8 percent (±2.5 percent) below the revised October estimate of $280.2 billion.

Highway construction was at a seasonally adjusted annual rate of $82.0 billion, 0.4 percent (±5.3 percent) below the revised October estimate of $82.4 billion. Educational construction was at a seasonally adjusted annual rate of $65.2 billion, 1.1 percent (±4.9 percent) above the revised October estimate of $64.4 billion.

During the first 11 months of this year, construction spending amounted to $828.4 billion, 5.0 percent (±1.3 percent) above the $788.8 billion for the same period in 2012.

  • Private construction was at a seasonally adjusted annual rate of $659.4 billion, 2.2 percent (±1.2 percent) above the revised October estimate of $644.9 billion.
  • Residential construction was at a seasonally adjusted annual rate of $345.5 billion in November, 1.9 percent (±1.3 percent) above the revised October estimate of $339.2 billion.
  • Nonresidential construction was at a seasonally adjusted annual rate of $313.9 billion in November, 2.7 percent (±1.2 percent) above the revised October estimate of $305.7 billion.