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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

November 2014

 
Seasonally Adjusted Annual Rate
 
Not Seasonally Adjusted
 
(millions of dollars)
 
(millions of dollars)
Total
 974,976
 
 82,650
  Private
  697,709 
 
  59,684 
     Residential
  352,667 
 
  29,825 
     Nonresidential
  345,042
 
  29,858
  Public
  277,266
 
  22,967
    State and Local
  253,722
 
  21,137
     Federal
    23,544
 
   1,830

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Source: U.S. Census Bureau | Construction Spending Survey | (301) 763-1605  Last Revised: January 02, 2015