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Construction Spending

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Overview

The Value of Construction Put in Place Survey provides monthly estimates of the total dollar value of construction work done in the U.S. The United States Code, Title 13, authorizes this program. The survey covers construction work done each month on new structures or improvements to existing structures for private and public sectors. Data estimates include the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, and contractor’s profits. Data collection and estimation activities begin on the first day after the reference month and continue for about three weeks. Reported data and estimates are for activity taking place during the previous calendar month. The survey has been conducted monthly since 1964. 

 

Value of Construction Put in Place at a Glance

August 2014

 
Seasonally Adjusted Annual Rate
 
Not Seasonally Adjusted
 
(millions of dollars)
 
(millions of dollars)
Total
 960,958
 
 89,274
  Private
  685,025 
 
  61,202 
     Residential
  351,698 
 
  33,265 
     Nonresidential
  333,327
 
  27,938
  Public
  275,933
 
  28,072
    State and Local
  253,437
 
  26,107
     Federal
    22,496
 
   1,965

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Source: U.S. Census Bureau | Construction Spending Survey | (301) 763-1605  Last Revised: October 01, 2014