The value of construction put-in-place increased 0.8% (2.6% y/y) during November following a 0.9% October increase, initially reported as 1.4%. September's 1.3% gain was stronger than reported earlier. A 0.7% gain in activity had been expected in the Action Economics Forecast Survey.

Private sector building activity rose 1.0% (2.7% y/y) as residential building activity also improved 1.0% (8.6% y/y). Single-family building activity rose 1.9% (9.2% y/y) but multi-family construction declined 1.3% (-2.7% y/y). The value of improvements rose 0.7% (12.2% y/y). Nonresidential building activity increased 0.9% (-3.6% y/y). Educational building rose 1.0% (-3.5% y/y) while transportation construction increased 3.7% (37.1% y/y). Office building strengthened 5.5% (-7.0% y/y), and commercial construction gained 1.5% (7.3% y/y). Power facility construction fell 1.1% (-11.6% y/y).

The value of public sector building activity nudged 0.2% higher (2.2% y/y). Office building eased 0.8% (+11.9% y/y). Educational building increased 3.8% (13.7% y/y) but highway & street construction eased 0.8% (-5.8% y/y). Conservation & development facility construction fell 9.4% (-7.0% y/y), while power plant construction increased 6.2% (+7.0% y/y).

The construction spending figures are in Haver's USECON database and the expectations reading is contained in the AS1REPNA database.