The Commerce Department’s Jan. 3 report announced that total construction spending rose 0.4 percent in November 2021 at a seasonally adjusted annual rate of $1,625.9 billion, amid strong gains in single family home construction after a similar upswing in October. Spending in October was revised by the Commerce Department up to 0.4 percent at $1,618.8 billion, from the prior estimate of 0.2 percent. Spending on single-family homebuilding increased 1.2 percent in November, while outlays on multi-family housing projects fell 0.3 percent. Private construction project expenditures rose at a seasonally adjusted annual rate of 0.6 percent to $1,273.6 billion, with outlays on residential construction ticking up 0.9 percent at $796.3 billion. The report showed construction spending surged $1,463.2 billion during the first 11 months of 2021, 7.9 percent higher than the $1,355.6 billion in the same period in 2020. The November 2021 total was 9.3 percent higher compared to the same month in 2020, at $1,487.2 …