Overall Construction Spending Up in November

Washington, DC, January 2, 2008--Spending on U.S. construction projects rose by 0.1 percent in November on the strengths of state and local construction projects, according to the Commerce Department.

However, spending on home construction fell by 2.5 percent in November after a drop of 2.3 percent in October. It's the 21st consecutive decline. Year over year, however, construction spending is down by 0.1 percent.