Construction Coverage

For the year ending 11/23, construction spending totaled $2.05 trillion, 7.3% of GDP, and is up 11.3% Y-o-Y. Total private construction was $1.59 trillion, up 10% largely due to private manufacturing which totaled $209 billion, up from $131 billion Y-o-Y, a rise of a staggering 59%. Private residential construction totaled $897 billion, up 3.7% Y-o-Y from $865 billion. Public construction was $455 billion and rose a significant 16.2% Y-o-Y.