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.
MONTHLY CONSTRUCTION CONTRACT VALUE
Seasonally Adjusted Annual Rates, In Millions