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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

October 2014

 
Seasonally Adjusted Annual Rate
 
Not Seasonally Adjusted
 
(millions of dollars)
 
(millions of dollars)
Total
 970,989
 
 89,644
  Private
  692,396 
 
  63,598 
     Residential
  353,802 
 
  33,383 
     Nonresidential
  338,595
 
  30,215
  Public
  278,593
 
  26,046
    State and Local
  253,632
 
  24,196
     Federal
    24,961
 
   1,850

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Source: U.S. Census Bureau | Construction Spending Survey | (301) 763-1605  Last Revised: December 02, 2014