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by CareyBot

Construction spending during November 2005 was estimated at a seasonally adjusted annual rate of about $1.15 trillion, or 0.2 percent above the revised October estimate and 7.8 percent above the November 2004 estimate, the U.S. Census Bureau announced today. During the first 11 months of this year, construction spending amounted to about $1.03 trillion, or 9 percent above the $946.3 billion for the same period in 2004. Spending on private construction was at a seasonally adjusted annual rate of about $892.4 billion, or 0.2 percent above the revised October estimate of $891 billion. Private residential construction spending was at a seasonally adjusted annual rate of about $641.9 billion in November, which is nearly level with the revised October estimate and is 9.7 percent higher than in...