Construction workers continue work on a new subdivision of homes in San Marcos, California
Construction workers continue work on a new subdivision of homes in San Marcos, California Reuters

Construction spending edged up slightly in November over the prior month, according to the U.S. Census Bureau of the Department of Commerce.

At a seasonally-adjusted annual rate, construction spending during November totaled about $810.2 billion, 0.4 percent above the revised October estimate of $806.7 billion.

However, the November 201 figure is 6.0 percent below the November 2009 estimate of $861.5 billion.

Spending on private construction was at a seasonally adjusted annual rate of $491.8 billion, 0.3 percent above the revised October estimate of $490.5 billion.

Residential construction was at a seasonally adjusted annual rate of $235.7 billion in November, 0.7 percent above the revised October estimate of $234.1 billion.

Nonresidential construction was at a seasonally adjusted annual rate of $256.1 billion in November, 0.1 percent below the revised October estimate of $256.3 billion.

In November, the estimated seasonally adjusted annual rate of public construction spending was $318.5 billion, 0.7 percent above the revised October estimate of $316.2 billion.