Contracting for new construction decreased 5 percent in November to a seasonally adjusted annual rate of $451 billion.

Contracting for new construction decreased 5 percent in November to a seasonally adjusted annual rate of $451.0 billion, according to the F.W. Dodge Division of The McGraw-Hill Companies. All three major industry sectors reported declines - nonresidential building and nonbuilding construction retreated from a robust October, while continued slippage for single family housing pulled down the residential total.

MONTHLY CONSTRUCTION CONTRACT VALUE
Seasonally Adjusted Annual Rates, In Millions

 
November 2000 October 2000 % Change
Nonresidential Building $159,548 $165,445 -4
Residential Building 206,209 215,835 -4
Nonbuilding Construction 85,252 91,539 -7
TOTAL CONSTRUCTION $451,009 $472,819 -5

 

The Dodge Index
(1992=100, Seasonally Adjusted)

 

November 2000ÉÉÉÉÉÉÉÉÉÉÉÉÉÉ..179

October 2000ÉÉÉÉÉÉÉÉÉÉÉÉÉÉÉ..187

 

YEAR-TO-DATE CONSTRUCTION CONTRACT VALUE
Unadjusted Totals, In Millions

 
11 Mos. 2000 11 Mos. 1999 % Change
Nonresidential Building $154,726 $157,829 -2
Residential Building 190,967 180,868 +6
Nonbuilding Construction 82,293 78,330 +5
TOTAL CONSTRUCTION $427,986 $417,027 +3