Construction Spending
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Overview
The Value of Construction Put in Place Survey (VIP) 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 2022
Seasonally Adjusted
Annual Rate |
Not Seasonally Adjusted
|
||||||
(millions of dollars) |
(millions of dollars) |
||||||
| Total |
1,704,383 |
118,910 |
|||||
| Private |
1,353,670 |
96,374 |
|||||
| Residential
|
850,625 |
57,729 |
|||||
| Nonresidential |
503,046 |
38,645 |
|||||
| Public |
350,713 |
22,536 |
|||||
| State
and Local |
323,092 |
20,503 |
|||||
| Federal |
27,621 |
2,034 |
|||||
Time Series/Trend Charts: Create your own customizable time series
Announcements
Notice: With the May 2022 release, unadjusted data will be revised back to January 2020 and seasonally adjusted data will be revised back to January 2015. With each May release, seasonally adjusted data will now be revised for an additional five years beyond the revision period for unadjusted data. Research has shown that this revision span should produce more reliable seasonally adjusted time series.
10/01/21 - Statement Regarding Natural Disasters: For information on the impact of natural disasters, including hurricanes, on the compilation of this report, please see the Natural Disaster FAQs.
Notice: The U.S. Census Bureau is pleased to announce a new look for our Economic Briefing Room! Check out the new mobile-friendly format. For each principal economic indicator, find a card with a data summary, the percent change from the prior month and prior year, the date of the most recent release and the next release, and links to more information.
We hope you find these customer-driven updates helpful!FRED Mobile App: Receive the latest updates on the nation's key economic indicators by downloading the FRED App for both Apple and Android devices.FRED, the signature database of the Federal Reserve Bank of St. Louis, now incorporates the Census Bureau's 13 economic indicators.
The URL for the economic indicators data in the Census Bureau API (Application Programming Interface) has been updated to add /timeseries/. Examples can be found on the Developers' webpage. The old URL will be discontinued on December 31, 2016.
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