U.S. Construction Surprisingly Strong In November

Jan. 13, 2005
By John S. McClenahen Construction put in place across the U.S. last November was at a seasonally adjusted annual rate of $843.2 billion, reports the U.S. Commerce Department. That was 0.3% higher than October's revised rate of $840.5 billion and was ...
ByJohn S. McClenahen Construction put in place across the U.S. last November was at a seasonally adjusted annual rate of $843.2 billion, reports the U.S. Commerce Department. That was 0.3% higher than October's revised rate of $840.5 billion and was much better than the no-growth figure that many economists had anticipated. Private residential construction, up 0.9% from October's base and rising at a record annual rate of $421.1 billion, was a major contributor to November's strong overall performance. So were several categories of public-sector construction, with school, hospital, and highway and street construction each posting at least a 1.5% month-to-month gain. For the first 11 months of 2002, a total of $782 billion worth of construction was put in place, 0.3% higher than the $780 billion recorded for the first 11 months of 2001.

Popular Sponsored Recommendations

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Food and Beverage 2024 Trends and Outlook for North America

Oct. 29, 2023
Ready to hear what 200 of your peers said are the top challenges and opportunities in 2024? Don’t fall behind. Uncover actionable insights to better prepare for 2024 in this whitepaper...

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!