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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

October 2021

 
Seasonally Adjusted Annual Rate
 
Not Seasonally Adjusted
 
(millions of dollars)
 
(millions of dollars)
Total
 1,598,020
 
141,911
  Private
  1,244,971
 
109,924
     Residential
  774,688
 
68,884
     Nonresidential
  470,283
 
 41,040
  Public
   353,049
 
 31,987
     State and Local
  326,271
 
 29,868
     Federal
    26,778
 
  2,120

 

 


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Source: U.S. Census Bureau | Construction Spending Survey | (301) 763-1605  Last Revised: October 12, 2021