Keeping you up to date on the latest data releases.
- Construction Spending
Private construction spending increased 2.2 percent in November to $659.4 billion and is 8.6 percent higher than November 2012. Residential construction spending increased 1.9 percent over the month to a seasonally-adjusted annual rate of $345.5 billion. New multifamily construction spending increased 0.9 percent in November and is up 36.3 percent on a year-over-year basis. New single-family construction posted a monthly gain of 1.9 percent and is up 16.6 percent since November 2012. Private nonresidential construction spending increased 2.7 percent over the month to $313.9 billion and is up 1.0 percent year-over-year. The communication sector saw the largest monthly increase of 11.2 percent. The educational sector posted the largest monthly decline of 3.1 percent.