Construction spending during November 2022 was estimated at a seasonally adjusted annual rate of $1,807.5 billion, 0.2% above the revised October estimate of $1,803.2 billion. The November figure is 8.5% above the November 2021 estimate of $1,665.2 billion.
Spending on private construction was at a seasonally adjusted annual rate of $1,426.4 billion, 0.3% above the revised October estimate of $1,421.6 billion. Residential construction was at a seasonally adjusted annual rate of $868.0 billion in November, 0.5% below the revised October estimate of $872.4 billion. Nonresidential construction was at a seasonally adjusted annual rate of $558.3 billion in November, 1.7% above the revised October estimate of $549.2 billion.
In November, the estimated seasonally adjusted annual rate of public construction spending was $381.1billion, 0.1% below the revised October estimate of $381.6 billion.
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