Construction spending in November edged up 0.9% from October’s level, to a $1.182-trillion seasonally adjusted annual rate, which also represented a 4.1% gain year over year, the Commerce Dept.’s U.S. Census Bureau has reported.
In its monthly report on construction put in place, released on Jan. 3, the bureau said that spending for 2016’s first 11 months climbed 4.4% from the same period in 2015, to $1.071 trillion.