Value of Construction Put in Place at a Glance - July 2015: Spending increases 9.3% above the $533.7 billion for the same period in 2014.

JULY 2015 CONSTRUCTION AT $1,083.4 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during July 2015 was estimated at a seasonally adjusted annual rate of $1,083.4 billion, 0.7 percent (±1.5%)* above the revised June estimate of $1,075.9 billion. The July figure is 13.7 percent (±2.0%) above the July 2014 estimate of $952.5 billion.

During the first 7 months of this year, construction spending amounted to $583.2 billion, 9.3 percent (±1.5%) above the $533.7 billion for the same period in 2014.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $787.8 billion, 1.3 percent (±1.0%) above the revised June estimate of $777.4 billion. Residential construction was at a seasonally adjusted annual rate of $380.8 billion in July, 1.1 percent (±1.3%)* above the revised June estimate of $376.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $407.0 billion in July, 1.5 percent (±1.0%) above the revised June estimate of $400.8 billion.

PUBLIC CONSTRUCTION

In July, the estimated seasonally adjusted annual rate of public construction spending was $295.6 billion, 1.0 percent (±2.6%)* below the revised June estimate of $298.5 billion. Educational construction was at a seasonally adjusted annual rate of $66.4 billion, 3.0 percent (±3.5%)* below the revised June estimate of $68.4 billion. Highway construction was at a seasonally adjusted annual rate of $90.3 billion, 0.2 percent (±6.6%)* below the revised June estimate of $90.5 billion.

August 2015 data will be released on October 1, 2015 at 10:00 A.M. EDT.

For more detailed data and methodologies, go to our website:

http://www.census.gov/constructionspending

Value of Construction Put in Place at a Glance - July 2015

	Seasonally Adjusted Annual Rate				Not Seasonally Adjusted
	(millions of dollars)				(millions of dollars)
Total	1,083,378	XLS (11k)	PDF (31k)		98,987	XLS (11k)	PDF (31k)
Private	787,776	XLS (15k)	PDF (36k)		69,860	XLS (15k)	PDF (36k)
Residential	380,818	XLS (8k)	PDF (16k)		35,163	XLS (8k)	PDF (16k)
Nonresidential	406,958	XLS (8k)	PDF (18k)		34,697	XLS (8k)	PDF (18k)
Public	295,602	XLS (11k)	PDF (24k)		29,127	XLS (11k)	PDF (24k)
State and Local	273,184	XLS (11k)	PDF (31k)		27,189	XLS (11k)	PDF (31k)
Federal	22,418	XLS (8k)	PDF (18k)		1,938	XLS (8k)	PDF (18k)

Source: United States Census