With November's first estimate on the books, construction spending in the first 11 months of 2014 was 5.7 percent above the spending for the same
period in 2013.

The U.S. Census Bureau of the Department of Commerce recently announced their first estimate of construction spending during November of 2014, which rose 2.4 percent over the November 2013 numbers. However the seasonally adjusted annual rate of $975 billion is a notch below the revised October 2014 estimate of $977.7 billion.

Overall, construction spending in the first 11 months of 2014 was 5.7 percent above the spending for the same period in 2013.

November 2014 spending on private construction was at a seasonally adjusted annual rate of $697.7 billion. Residential construction accounted for $352.7 billion of that, putting nonresidential construction numbers at
$345 billion.

The estimated seasonally adjusted annual rate of public construction spending was $277.3 billion. Educational construction was pegged at $62.1 billion, 2.5 percent below the revised October estimate, but the $85.7 billion spent on highway construction was up 0.3 percent over the previous month's numbers.