The Commerce Department’s Jan. 3 report announced that total construction spending rose 0.4 percent in November 2021 at a seasonally adjusted annual rate of $1,625.9 billion, amid strong gains in single family home construction after a similar upswing in October.
Spending in October was revised by the Commerce Department up to 0.4 percent at $1,618.8 billion, from the prior estimate of 0.2 percent.
