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Story perspectives

U.S. Construction Spending Steady Amid Economic Uncertainty

1/3/2025

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Summary

Story summary

U.S. construction spending was stable in November, increasing by just 0.1% to $2.153 trillion.
Private construction rose by 0.1%, supported by a slight uptick in residential spending; public construction decreased by 0.1%.
Single-family homebuilding experienced modest growth, while multi-family projects declined.
Economic uncertainty, rising mortgage rates, and potential policy shifts could influence future spending trends.

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Story summary

U.S. construction spending was stable in November, increasing by just 0.1% to $2.153 trillion.
Private construction rose by 0.1%, supported by a slight uptick in residential spending; public construction decreased by 0.1%.
Single-family homebuilding experienced modest growth, while multi-family projects declined.
Economic uncertainty, rising mortgage rates, and potential policy shifts could influence future spending trends.