U.S Construction Spending Hits All-time High in November

Dodge Data and Analytics
January 5, 2018

According to a Yahoo! Finance analysis of Commerce Department dataU.S. construction spending saw a month-over-month rise of 0.8 percent to a seasonally adjusted annual rate of $1.26 trillion in November. This marks the fourth straight month of increases and sets a new high. The uptick in spending was due in part to a rise in single-family balancing out a slowdown in apartment construction, creating a 1 percent increase in the homebuilding sector.