Keeping you up to date on the latest data releases.
- Construction Spending
Private construction spending declined 0.2 percent in November to $589.8 billion, but is still 13.3 percent higher than November 2011. Residential construction spending increased 0.4 percent over the month to a seasonally adjusted annual rate of $295.3 billion. New multi-family construction spending increased 0.5 percent in November and is up 45.9 percent year-over-year. New single family construction posted a monthly gain of 1.3 percent. Private nonresidential construction spending decreased 0.7 percent over the month to $294.5 billion and is up 8.2 percent year-over-year. The only positive sectors were transportation and communication, with monthly gains of 3.4 and 2.8 percent, respectively.