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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

June 2014

 
Seasonally Adjusted Annual Rate
 
Not Seasonally Adjusted
 
(millions of dollars)
 
(millions of dollars)
Total
 950,154
 
 85,502
  Private
  685,455 
 
  60,673 
     Residential
  355,915 
 
  32,995 
     Nonresidential
  329,540
 
  27,678
  Public
  264,699
 
  24,828
    State and Local
  241,325
 
  22,825
     Federal
    23,375
 
   2,004

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