November construction spending was estimated at a seasonally adjusted annual rate of $1,257 billion, 0.8 percent above the revised October estimate of $1,247.1 billion. The November figure is 2.4 percent above the November 2016 estimate of $1,227 billion. During the first eleven months of this year, construction spending amounted to $1,138.3 billion, 4.2 percent above the $1,091.9 billion for the same period in 2016.
Private construction spending on private construction was at a seasonally adjusted annual rate of $964.3 billion, 1 percent above the revised October estimate of $955.1 billion. Residential construction was at a seasonally adjusted annual rate of $530.8 billion in November, 1 percent above the revised October estimate of $525.3 billion.
Nonresidential construction was at a seasonally adjusted annual rate of $433.5 billion in November, 0.9 percent above the revised October estimate of $429.7 billion. Public construction in November, the estimated seasonally adjusted annual rate of public construction spending was $292.7 billion, 0.2 percent above the revised October estimate of $292 billion.
Educational construction was at a seasonally adjusted annual rate of $78.8 billion, 3.8 percent above the revised October estimate of $75.9 billion. Highway construction was at a seasonally adjusted annual rate of $88 billion, 0.8 percent below the revised October estimate of $88.7 billion.
