RISMedia
  • News
  • Premier
  • Publications
  • Events
  • Education
  • Newsmakers
  • Power Broker
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Publications
  • Events
  • Education
  • Newsmakers
  • Power Broker
No Result
View All Result
RISMedia
No Result
View All Result

U.S. Construction Spending Climbed in November 2021

Home Agents
By Jordan Grice
January 5, 2022
Reading Time: 1 min read
U.S. Construction Spending Climbed in November 2021

Construction spending saw a modest boost in November, according to recent reports from the U.S. Census Bureau and the Department of Commerce.

The Commerce Department announced on Jan. 3 that construction spending climbed by 0.4% in November 2021, with single-family homebuilding playing a significant role in the uptick.

Total spending rose from $1.62 billion in October to roughly $1.63 billion in November. Year-over-year figures also indicate a 9.3% increase from November 2020.

In November, private construction spending was at an annual rate of $1.27 billion, up 0.6% from October. Residential construction recorded a YoY rate of $796.3 million, about 0.9% above the revised October estimate of $789.1 million.

Single-family home construction spending rose by 1.2% in November—and also recorded a YoY increase of 19.4%, while multifamily construction spending dipped slightly by 0.3%.

According to the report, public construction spending dipped by 0.2%, recording a $352.3 million annual rate compared with the revised October estimate of $353.0 million.

is RISMedia’s associate online editor. Email him your real estate news ideas to jgrice@rismedia.com.

Tags: Commerce DepartmentConstructionHousingIndustry NewsMultifamilyReal Estatereal estate newsSingle-Family
ShareTweetShare

Jordan Grice

Jordan Grice is RISMedia’s associate online editor. Email him your real estate news to jgrice@rismedia.com.

Related Posts

9 Low-Cost Ways to Improve Your Listings
Agents

9 Low-Cost Ways to Improve Your Listings

July 4, 2022
Thoughts on Leadership: Leading Like Duke
Brokers

Thoughts on Leadership: Leading Like Duke

July 3, 2022
Creative Marketing Ideas to Move Your Listings Faster
Best Practices

Creative Marketing Ideas to Move Your Listings Faster

July 2, 2022
The July Issue of Real Estate Magazine Is Now Live
Agents

The July Issue of Real Estate Magazine Is Now Live

July 1, 2022
First Guaranty Mortgage Corp. Tacks on Massive Layoffs With Bankruptcy Filing
Agents

First Guaranty Mortgage Corp. Tacks on Massive Layoffs With Bankruptcy Filing

July 1, 2022
Pandemic-Fueled, ‘Astonishing’ Cost-Burden Turnaround
Agents

Pandemic-Fueled, ‘Astonishing’ Cost-Burden Turnaround

July 1, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

Break a Leg: How Acting Techniques Can Enhance Your Pitch

Authenticity, emotion and empathy are all a big part of a successful client presentation, and actors have the answers. Read more.

Business Tip of the Day provided by
REGISTER NOW

Recent Posts

  • 9 Low-Cost Ways to Improve Your Listings
  • Thoughts on Leadership: Leading Like Duke
  • Creative Marketing Ideas to Move Your Listings Faster

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.