{"id":1004163097,"date":"2017-01-04T05:50:16","date_gmt":"2017-01-04T13:50:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004163097"},"modified":"2022-12-08T19:58:00","modified_gmt":"2022-12-09T03:58:00","slug":"economy-watch-construction-spending-edged-up-in-november","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edged-up-in-november\/","title":{"rendered":"Economy Watch: Construction Spending Edged Up in November"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004141013\" style=\"width: 278px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004141013\" data-attachment-id=\"1004141013\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edges-downward\/construction-photo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg\" data-orig-size=\"798,893\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"construction photo\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Coutesy of Elvert Barnes via Wikimedia Commons&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg?w=798\" class=\"size-medium wp-image-1004141013\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg\" alt=\"Coutesy of Elvert Barnes via Wikimedia Commons\" width=\"268\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg 798w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg?resize=268,300 268w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg?resize=768,859 768w\" sizes=\"auto, (max-width: 268px) 100vw, 268px\" \/><\/a><p id=\"caption-attachment-1004141013\" class=\"wp-caption-text\">Coutesy of Elvert Barnes via Wikimedia Commons<\/p><\/div>\n<p>The Census Bureau reported on Tuesday that U.S. construction spending during November 2016 came in at an annualized rate of $1,182.1 billion, or 0.9 percent above the October total. The November figure is also 4.1 percent above the November 2015 rate of construction spending.<\/p>\n<p>During the first 11 months of 2016, construction spending totaled $1,070.9 billion, or 4.4 percent above the total for the same period in 2015. Construction spending in both the private and public sectors grew for the month.<\/p>\n<p>Private spending was up 1 percent, while public spending was up 0.8 percent. For the year, private spending grew by 4.6 percent, while public spending grew by 2.6 percent.<\/p>\n<p>Winning categories in private construction spending included multifamily, down 2.7 percent for the month but up 10.7 percent for the year (apartment development tends to be volatile.) Spending on private office construction was up 31 percent for the year and spending on hotel projects grew 29.7 percent. Spending on private transportation, manufacturing and health care were all down for the year in November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. construction spending during the first 11 months of 2016 hit $1,070.9 billion, up 4.4. percent from the total for the same period in 2015, the Census Bureau reported.<\/p>\n","protected":false},"author":1023,"featured_media":1004141013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[32915],"class_list":["post-1004163097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-united-states-census-bureau"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Construction Spending Edged Up in November - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edged-up-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Construction Spending Edged Up in November\" \/>\n<meta property=\"og:description\" content=\"U.S. construction spending during the first 11 months of 2016 hit $1,070.9 billion, up 4.4. percent from the total for the same period in 2015, the Census Bureau reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-edged-up-in-november\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-04T13:50:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:58:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/construction-photo-e1462366844294.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"798\" \/>\n\t<meta property=\"og:image:height\" content=\"893\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edged-up-in-november\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edged-up-in-november\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Construction Spending Edged Up in November\",\"datePublished\":\"2017-01-04T13:50:16+00:00\",\"dateModified\":\"2022-12-09T03:58:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edged-up-in-november\\\/\"},\"wordCount\":183,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edged-up-in-november\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/construction-photo-e1462366844294.jpg\",\"keywords\":[\"United States Census Bureau\"],\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edged-up-in-november\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edged-up-in-november\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-edged-up-in-november\\\/\",\"name\":\"Economy Watch: Construction Spending Edged Up in November - 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