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1/2/2014 10:20:00 AM Write a Letter to the Editor Write a letter to the Editor

Construction Spending Rises 1% in November

Frank Polich/Bloomberg News

Construction spending rose 1% in November to the highest pace in more than four years, the Commerce Department reported Jan. 2.

The increase brought spending to an annual $934.4 billion annual rate, the fastest since March 2009. Spending increased 0.9% in October, the Associated Press reported.

Public spending declined 1.7% in November, and federal spending fell 3.7%, AP reported. Government construction spending was 29.4% of November’s total.

Home construction increased 1.9%, and private nonresidential construction rose 2.7%.

Construction spending can boost demand for trucking services because it increases the number of shipments of goods and building materials.

By Transport Topics

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