Value of Construction Put in Place at a Glance February 2016: $1,144.0 billion, 0.5 percent (±1.6%)* below the revised January estimate of $1,150.1 billion

FEBRUARY 2016 CONSTRUCTION AT $1,144.0 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during February 2016 was estimated at a seasonally adjusted annual rate of $1,144.0 billion, 0.5 percent (±1.6%)* below the revised January estimate of $1,150.1 billion. The February figure is 10.3 percent (±2.1%) above the February 2015 estimate of $1,037.5 billion.

During the first 2 months of this year, construction spending amounted to $157.1 billion, 11.2 percent (±1.8%) above the $141.3 billion for the same period in 2015.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $846.2 billion, 0.1 percent (±1.0%)* below the revised January estimate of $847.2 billion. Residential construction was at a seasonally adjusted annual rate of $447.9 billion in February, 0.9 percent (±1.3%)* above the revised January estimate of $443.8 billion. Nonresidential construction was at a seasonally adjusted annual rate of $398.3 billion in February, 1.3 percent (±1.0%) below the revised January estimate of $403.4 billion.

PUBLIC CONSTRUCTION

In February, the estimated seasonally adjusted annual rate of public construction spending was $297.8 billion, 1.7 percent (±3.1%)* below the revised January estimate of $302.8 billion. Educational construction was at a seasonally adjusted annual rate of $66.4 billion, 4.2 percent (±2.6%) below the revised January estimate of $69.3 billion. Highway construction was at a seasonally adjusted annual rate of $99.6 billion, 2.1 percent (±11.5%)* below the revised January estimate of $101.7 billion.

Value of Construction Put in Place at a Glance February 2016

	Seasonally Adjusted Annual Rate				Not Seasonally Adjusted
	(millions of dollars)				(millions of dollars)
Total	1,143,971	XLS (11k)	PDF (31k)		78,460	XLS (11k)	PDF (31k)
Private	846,212	XLS (15k)	PDF (36k)		59,846	XLS (15k)	PDF (36k)
Residential	447,948	XLS (8k)	PDF (16k)		29,762	XLS (8k)	PDF (16k)
Nonresidential	398,265	XLS (8k)	PDF (18k)		30,084	XLS (8k)	PDF (18k)
Public	297,759	XLS (11k)	PDF (24k)		18,614	XLS (11k)	PDF (24k)
State and Local	274,549	XLS (11k)	PDF (31k)		16,833	XLS (11k)	PDF (31k)
Federal	23,210	XLS (8k)	PDF (18k)		1,781	XLS (8k)	PDF (18k)

Source: US Census.gov