Value of Construction Put in Place at a Glance - September 2015: Construction Spending increases 14+% from same time last year

September 2015 CONSTRUCTION AT $1,094.2 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during September 2015 was estimated at a seasonally adjusted annual rate of $1,094.2 billion, 0.6 percent (±1.8%)* above the revised August estimate of $1,087.5 billion. The September figure is 14.1 percent (±2.1%) above the September 2014 estimate of $959.2 billion.

During the first 9 months of this year, construction spending amounted to $786.6 billion, 10.5 percent (±1.3%) above the $711.8 billion for the same period in 2014.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $794.2 billion, 0.6 percent (±0.8%)* above the revised August estimate of $789.7 billion. Residential construction was at a seasonally adjusted annual rate of $394.7 billion in September, 1.9 percent (±1.3%) above the revised August estimate of $387.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $399.5 billion in September, 0.7 percent (±0.8%)* below the revised August estimate of $402.2 billion.

PUBLIC CONSTRUCTION

In September, the estimated seasonally adjusted annual rate of public construction spending was $300.0 billion, 0.7 percent (±3.0%)* above the revised August estimate of $297.8 billion. Educational construction was at a seasonally adjusted annual rate of $69.1 billion, 2.4 percent (±4.1%)* above the revised August estimate of $67.5 billion. Highway construction was at a seasonally adjusted annual rate of $91.2 billion, 0.3 percent (±7.2%)* above the revised August estimate of $90.9 billion.

October 2015 data will be released on December 1, 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  - September 2015

	Seasonally Adjusted Annual Rate				Not Seasonally Adjusted
	(millions of dollars)				(millions of dollars)
Total	1,094,160	XLS (11k)	PDF (31k)		102,102	XLS (11k)	PDF (31k)
Private	794,159	XLS (15k)	PDF (36k)		71,952	XLS (15k)	PDF (36k)
Residential	394,668	XLS (8k)	PDF (16k)		36,776	XLS (8k)	PDF (16k)
Nonresidential	399,491	XLS (8k)	PDF (18k)		35,176	XLS (8k)	PDF (18k)
Public	300,002	XLS (11k)	PDF (24k)		30,149	XLS (11k)	PDF (24k)
State and Local	277,293	XLS (11k)	PDF (31k)		27,617	XLS (11k)	PDF (31k)
Federal	22,709	XLS (8k)	PDF (18k)		2,533	XLS (8k)	PDF (18k)

Source: US Census