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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

September 2014

 
Seasonally Adjusted Annual Rate
 
Not Seasonally Adjusted
 
(millions of dollars)
 
(millions of dollars)
Total
 950,920
 
 88,251
  Private
  680,032 
 
  61,125 
     Residential
  349,075 
 
  32,365 
     Nonresidential
  330,957
 
  28,760
  Public
  270,888
 
  27,127
    State and Local
  248,896
 
  24,607
     Federal
    21,992
 
   2,520

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Source: U.S. Census Bureau | Construction Spending Survey | (301) 763-1605  Last Revised: November 03, 2014