U.S. Department of Commerce

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

February 2014

 
Seasonally Adjusted Annual Rate
 
Not Seasonally Adjusted
 
(millions of dollars)
 
(millions of dollars)
Total
 945,664
 
 63,368
  Private
  679,978 
 
  46,647 
     Residential
  360,352 
 
  22,851 
     Nonresidential
  319,626
 
  23,796
  Public
  265,686
 
  16,721
    State and Local
  241,904
 
  14,945
     Federal
    23,783
 
   1,777

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