Value of Construction Put in Place at a Glance - May 2015: $1,035.8 Billion

May 2015 CONSTRUCTION AT $1,035.8 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during May 2015 was estimated at a seasonally adjusted annual rate of $1,035.8 billion, 0.8 percent (±1.5%)* above the revised April estimate of $1,027.0 billion. The May figure is 8.2 percent (±2.0%) above the May 2014 estimate of $957.6 billion.

During the first 5 months of this year, construction spending amounted to $382.1 billion, 5.9 percent (±1.5%) above the $360.8 billion for the same period in 2014.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $752.4 billion, 0.9 percent (±0.8%) above the revised April estimate of $745.6 billion. Residential construction was at a seasonally adjusted annual rate of $359.5 billion in May, 0.3 percent (±1.3%)* above the revised April estimate of $358.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $392.8 billion in May, 1.5 percent (±0.8%) above the revised April estimate of $387.1 billion.

PUBLIC CONSTRUCTION

In May, the estimated seasonally adjusted annual rate of public construction spending was $283.4 billion, 0.7 percent (±2.5%)* above the revised April estimate of $281.5 billion. Educational construction was at a seasonally adjusted annual rate of $65.3 billion, 0.7 percent (±3.9%)* below the revised April estimate of $65.8 billion. Highway construction was at a seasonally adjusted annual rate of $85.1 billion, 2.1 percent (±6.9%)* above the revised April estimate of $83.3 billion.

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

	Seasonally Adjusted Annual Rate				Not Seasonally Adjusted
	(millions of dollars)				(millions of dollars)
Total	1,035,763	XLS (11k)	PDF (31k)		88,167	XLS (11k)	PDF (31k)
Private	752,354	XLS (15k)	PDF (36k)		64,331	XLS (15k)	PDF (36k)
Residential	359,513	XLS (8k)	PDF (16k)		31,735	XLS (8k)	PDF (16k)
Nonresidential	392,841	XLS (8k)	PDF (18k)		32,596	XLS (8k)	PDF (18k)
Public	283,409	XLS (11k)	PDF (24k)		23,836	XLS (11k)	PDF (24k)
State and Local	260,063	XLS (11k)	PDF (31k)		21,963	XLS (11k)	PDF (31k)
Federal	23,346	XLS (8k)	PDF (18k)		1,873	XLS (8k)	PDF (18k)

Source: Census.gov