The report said construction outlays rose a stronger-than-expected 0.3 percent to a $843.2 billion annual rate in the month. The pace of residential construction, at $421.1 billion, set a record, the department said.
Construction spending rises in November
January 3, 2003
Spending on new construction rose in November, boosted by continued gains in residential housing and greater outlays for road and school construction, the the Commerce Department reported recently.