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Construction spending declines 13.2 percent in November

Posted: Wednesday, January 6th, 2010 @ 6:47 pm by mick@sfresidence.com
Filed under: New Home Construction

Construction spending declined 13.2 percent in November 2009 compared with November 2008, and 0.6 percent compared with October 2009, according to a report from the U.S. Dept. of Commerce.  Residential construction declined 1.6 percent to a seasonally adjusted annual rate of $250.7 billion in November, compared with $254.9 billion in October.

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