Value of Construction Put in Place at a Glance - August 2015: 13.7 percent (±2.1%) above the August 2014 estimate of $955.0 billion

AUGUST 2015 CONSTRUCTION AT $1,086.2 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during August 2015 was estimated at a seasonally adjusted annual rate of $1,086.2 billion, 0.7 percent (±1.5%)* above the revised July estimate of $1,079.1 billion. The August figure is 13.7 percent (±2.1%) above the August 2014 estimate of $955.0 billion.

During the first 8 months of this year, construction spending amounted to $683.4 billion, 9.8 percent (±1.3%) above the $622.4 billion for the same period in 2014.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $788.0 billion, 0.7 percent (±0.7%)* above the revised July estimate of $782.3 billion. Residential construction was at a seasonally adjusted annual rate of $383.3 billion in August, 1.3 percent (±1.3%)* above the revised July estimate of $378.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $404.7 billion in August, 0.2 percent (±0.7%)* above the revised July estimate of $403.8 billion.

PUBLIC CONSTRUCTION

In August, the estimated seasonally adjusted annual rate of public construction spending was $298.2 billion, 0.5 percent (±2.6%)* above the revised July estimate of $296.8 billion. Educational construction was at a seasonally adjusted annual rate of $67.4 billion, 0.2 percent (±4.1%)* below the revised July estimate of $67.5 billion. Highway construction was at a seasonally adjusted annual rate of $90.4 billion, 0.4 percent (±6.4%)* below the revised July estimate of $90.7 billion.

September 2015 data will be released on November 2, 2015 at 10:00 A.M. EST.

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

http://www.census.gov/constructionspending

Value of Construction Put in Place at a Glance

August 2015

	Seasonally Adjusted Annual Rate				Not Seasonally Adjusted
	(millions of dollars)				(millions of dollars)
Total	1,086,224	XLS (11k)	PDF (31k)		100,910	XLS (11k)	PDF (31k)
Private	787,983	XLS (15k)	PDF (36k)		70,482	XLS (15k)	PDF (36k)
Residential	383,250	XLS (8k)	PDF (16k)		35,686	XLS (8k)	PDF (16k)
Nonresidential	404,732	XLS (8k)	PDF (18k)		34,796	XLS (8k)	PDF (18k)
Public	298,242	XLS (11k)	PDF (24k)		30,429	XLS (11k)	PDF (24k)
State and Local	275,596	XLS (11k)	PDF (31k)		28,446	XLS (11k)	PDF (31k)
Federal	22,646	XLS (8k)	PDF (18k)		1,983	XLS (8k)	PDF (18k)

Source: Census.gov