Dive Brief:

• Total spending on construction starts in November was at a seasonally adjusted pace of $524.8 billion per year, an 11% pullback from October's rate.
• Within the headline number, McGraw Hill Construction said residential continued to grow, but nonresidential building and nonbuilding construction both slowed.
• The Dodge Index, which is scaled with the year 2000 equal to 100, was at 111 in November, which put it behind October's 125 and September's 118.

Dive Insight:

October's annual rate of construction starts was the highest seen in 2013, so it is not surprising that November would slide back. Other than residential, not much this year has been consistent — except for unending shrinkage in nonbuilding infrastructure because of government spending cuts. The first 11 months totaled $475.3 billion, up 6% from 2012, but that was pulled down by electric utility construction, McGraw-Hill said.