The Department of Commerce said construction spending during November 2013 was estimated at a seasonally adjusted annual rate of $934.4 billion, 1% above the revised October estimate of $925.1 billion. The November figure is 5.9% above the November 2012 estimate of $882.7
billion.

During the first 11 months of 2013, construction spending amounted to $828.4 billion, 5.0% above the $788.8 billion for the same period in 2012.

Spending on private construction was at a seasonally adjusted annual rate of $659.4 billion, 2.2% above the revised October estimate of $644.9 billion. Residential construction was at a seasonally adjusted annual rate of $345.5 billion in November, 1.9% above the revised October estimate of $339.2 billion. Nonresidential construction was at a seasonally adjusted annual rate of $313.9 billion in November, 2.7% above the revised October estimate of $305.7 billion.

In November, the estimated seasonally adjusted annual rate of public construction spending was $275.0 billion, 1.8% below the revised October estimate of $280.2 billion. Educational construction was at a seasonally
adjusted annual rate of $65.2 billion, 1.1% above the revised October estimate of $64.4 billion. Highway construction was at a seasonally adjusted annual rate of $82.0 billion, 0.4% below the revised October
estimate of $82.4 billion.

December 2013 data will be released on February 3, 2014.

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