Web Exclusive: November Construction Contracts Fall 5 Percent
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.
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.
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MONTHLY CONSTRUCTION CONTRACT VALUE
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| 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 |
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The Dodge Index
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YEAR-TO-DATE CONSTRUCTION CONTRACT VALUE
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| 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 |
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