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    Analysis

    January 2, 2025

    Construction spending steady in November

    Written by David Schollaert

    Construction spending inched higher in November for a second straight month.

    The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,152.3 billion in November, which was basically flat from October’s downward revised rate. The November figure is about 3% above a year ago.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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