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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

January 2015

 
Seasonally Adjusted Annual Rate
 
Not Seasonally Adjusted
 
(millions of dollars)
 
(millions of dollars)
Total
 971,384
 
 67,298
  Private
  697,597 
 
  50,131 
     Residential
  351,722 
 
  23,860 
     Nonresidential
  345,875
 
  26,271
  Public
  273,787
 
  17,167
    State and Local
  252,080
 
  15,625
     Federal
    21,707
 
   1,542

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