Value of Construction Put in Place at a Glance February 2015: Construction spending at $132.9 billion, or 2.0 percent above for the same period in 2014.

 

 

FEBRUARY 2015 CONSTRUCTION AT $967.2 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during February 2015 was estimated at a seasonally adjusted annual rate of $967.2 billion, 0.1 percent (±1.2%)* below the revised January estimate of $967.9 billion. The February figure is 2.1 percent (±1.6%) above the February 2014 estimate of $947.1 billion.

During the first 2 months of this year, construction spending amounted to $132.9 billion, 2.0 percent (±1.5%) above the $130.3 billion for the same period in 2014.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $698.2 billion, 0.2 percent (±1.0%)* above the revised January estimate of $696.9 billion. Residential construction was at a seasonally adjusted annual rate of $349.9 billion in February, 0.2 percent (±1.3%)* below the revised January estimate of $350.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $348.4 billion in February, 0.5 percent (±1.0%)* above the revised January estimate of $346.5 billion.

PUBLIC CONSTRUCTION

In February, the estimated seasonally adjusted annual rate of public construction spending was $268.9 billion, 0.8 percent (±2.0%)* below the revised January estimate of $271.0 billion. Educational construction was at a seasonally adjusted annual rate of $59.1 billion, 0.2 percent (±3.1%)* above the revised January estimate of $58.9 billion. Highway construction was at a seasonally adjusted annual rate of $82.8 billion, 0.2 percent (±5.4%)* below the revised January estimate of $83.0 billion.

March 2015 data will be released on May 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 February 2015

	Seasonally Adjusted Annual Rate				Not Seasonally Adjusted
	(millions of dollars)				(millions of dollars)
Total	967,170	XLS (11k)	PDF (31k)		65,826	XLS (11k)	PDF (31k)
Private	698,237	XLS (15k)	PDF (36k)		49,002	XLS (15k)	PDF (36k)
Residential	349,852	XLS (8k)	PDF (16k)		22,908	XLS (8k)	PDF (16k)
Nonresidential	348,385	XLS (8k)	PDF (18k)		26,095	XLS (8k)	PDF (18k)
Public	268,933	XLS (11k)	PDF (24k)		16,824	XLS (11k)	PDF (24k)
State and Local	245,326	XLS (11k)	PDF (31k)		15,073	XLS (11k)	PDF (31k)
Federal	23,607	XLS (8k)	PDF (18k)		1,750	XLS (8k)	PDF (18k)

PDF version of the full press release may be found here…

Source: United States Census Bureau