WASHINGTON — Construction spending increased 0.4% in November, the Commerce Department said Monday.
Private construction increased 0.3% for the month, the third consecutive monthly rise. Private residential construction increased 0.7% as nonresidential construction slipped 0.1%.
Economists expected total construction spending would increase 0.2%, according to the median estimate from Thomson Reuters.
October’s total construction spending was unrevised at a 0.7% increase. But private construction was revised higher to a 1.4% gain from the 0.8% rise previously reported.
Public construction increased 0.7% in November as federal construction jumped 8.2%.