Construction spending during Nov. 2010 was estimated at a seasonally adjusted annual rate of $810.2 billion, 0.4 percent above the revised October estimate of $806.7 billion, according to the U.S. Census Bureau. The November figure is six percent below the November 2009 estimate of $861.5 billion. During the first 11 months of 2010, construction spending amounted to $753.9 billion, 10.6 percent below the $843.1 billion for the same period in 2009.

Private construction. Spending on private construction was at a seasonally adjusted annual rate of $491.8 billion, 0.3 percent above the revised October estimate of $490.5 billion. Residential construction was at a seasonally adjusted annual rate of $235.7 billion in November, 0.7 percent above the revised October estimate of $234.1 billion. Nonresidential construction was at a seasonally adjusted annual rate of $256.1 billion in November, 0.1 percent below the revised October estimate of $256.3 billion. Private office construction increased 1.3 percent to $36.8 billion but is still running 18.9 percent behind Nov. 2009 YTY.

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