Construction spending increases by 1.4 percent to seasonally adjusted annual rate of $769 billion
Construction spending bounced back from an 11-year low in March, increasing by 1.4 percent to a total seasonally adjusted annual rate of $769 billion, according to an analysis by the Associated General Contractors of America of new Census Bureau data.
The US Department of Commerce reported Wednesday morning that construction spending rebounded in November, up 0.1 percent over a 0.4 percent decline the prior month.