The U.S. Census Bureau of the Department of Commerce
announced today that construction spending during August 2014 was estimated at a seasonally
adjusted annual rate of $961.0 billion, 0.8 percent (±1.8%)*
below the revised July estimate of $968.8
billion. The August figure is 5.0 percent (±2.3%) above the August 2013 estimate of $915.3
billion.
During the first 8 months of this year, construction spending
amounted to $623.1 billion, 6.8 percent (±1.5%) above the $583.2
billion for the same period in 2013.
PRIVATE CONSTRUCTION
Spending on private construction was at a seasonally
adjusted annual rate of $685.0 billion, 0.8 percent (±1.0%)*
below the revised July estimate of $690.3
billion. Residential construction was at a seasonally adjusted annual rate of $351.7
billion in August, 0.1 percent (±1.3%)*
below the revised July estimate of $352.1
billion. Nonresidential construction was at a seasonally adjusted annual rate
of $333.3 billion in August, 1.4 percent (±1.0%) below the revised July estimate of $338.1
billion.
PUBLIC CONSTRUCTION
In August, the estimated seasonally
adjusted annual rate of public construction spending was $275.9
billion, 0.9 percent (±2.8%)* below the revised July estimate of $278.5
billion. Educational construction was at a seasonally adjusted annual rate of $62.3
billion, 2.9 percent (±4.4%)*
below the revised July estimate of $64.1
billion. Highway construction was at a seasonally adjusted annual rate of $83.3
billion, 0.6 percent (±6.3%)*
below the revised July estimate of $83.8
billion.
Value of Construction Put in Place at a Glance
August 2014
Seasonally
Adjusted Annual Rate
|
Not
Seasonally Adjusted
|
||||||
(millions of
dollars)
|
(millions of
dollars)
|
||||||
Total
|
960,958
|
89,274
|
|||||
Private
|
685,025
|
61,202
|
|||||
Residential
|
351,698
|
33,265
|
|||||
Nonresidential
|
333,327
|
27,938
|
|||||
Public
|
275,933
|
28,072
|
|||||
State and Local
|
253,437
|
26,107
|
|||||
Federal
|
22,496
|
1,965
|
|||||
Source: www.census.gov
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