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US construction spending up 0.8 percent in November despite drop in public building

from The Associated Press

The Commerce Department reported that construction spending rose 0.8 percent in November after a 0.1 percent gain in October and a 1.8 percent fall in September. The strength in November came from a 3.5 percent jump in spending on home building. That reflected a 2.6 percent increase in apartment construction which offset a 1.8 percent drop in single-family construction. Non-residential construction fell 1.2 percent, with spending on offices and the category that covers shopping centers both down. Public construction activity was also down in November, falling 0.9 percent after a 1.5 percent gain in October. more


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