US construction spending rose 0.8 percent in November
WASHINGTON- U.S. builders spent 0.8 percent more on construction projects in November. It was the fourth consecutive monthly gain and provides evidence that construction should continue to support economic growth.
The Commerce Department says that the November advance follows October's revised 0.9 percent gain.
The November increase was led by a solid advance in homebuilding, which rose 1 percent from October as strength in single-family construction offset weakness in apartment building.
Non-residential construction rebounded 0.9 percent in November after declining four of the last five months.
Government construction posted a modest 0.2 percent increase after much bigger gains in the previous three months. Federal construction spending plunged 4.8 percent, the biggest drop in five months. That weakness was offset by a 0.7 percent rise in state and local construction.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Officer shot, killed in Mandeville was former Marine; leaves behind 7 children
East Baton Rouge on track to break record number of overdose deaths
FEMA issues Livingston Parish deadline for flood prevention master plan
Zachary man drowns while attempting elaborate marriage proposal in Tanzania
Police officer dead, another injured after shooting in Mandeville
Southern Center Jaylon Brinson excited to play in front of home town
Fans' Choice Award Winner 2019: Week 1- Isaiah Jones
Coach O Postgame after Lsu defeats Texas 45-38
Hunter Register leads Southern's offense despite loss to McNeese
Taylor Bannister's journey to becoming a LSU Volleyball Superstar