Value of Construction Put in Place at a Glance - January 2016: 10.4 percent (±1.6%) above the January 2015 estimate

January 2016 CONSTRUCTION AT $1,140.8 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during January 2016 was estimated at a seasonally adjusted annual rate of $1,140.8 billion, 1.5 percent (±1.0%) above the revised December estimate of $1,123.5 billion. The January figure is 10.4 percent (±1.6%) above the January 2015 estimate of $1,033.3 billion.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $831.4 billion, 0.5 percent (±0.8%)* above the revised December estimate of $827.3 billion. Residential construction was at a seasonally adjusted annual rate of $433.2 billion in January, nearly the same as (±1.3%)*  the revised December estimate of $433.1 billion. Nonresidential construction was at a seasonally adjusted annual rate of $398.2 billion in January, 1.0 percent (±0.8%) above the revised December estimate of $394.2 billion.

PUBLIC CONSTRUCTION

In January, the estimated seasonally adjusted annual rate of public construction spending was $309.4 billion, 4.5 percent (±1.6%) above the revised December estimate of $296.2 billion. Educational construction was at a seasonally adjusted annual rate of $68.8 billion, 1.9 percent (±2.8%)* below the revised December estimate of $70.1 billion. Highway construction was at a seasonally adjusted annual rate of $110.4 billion, 14.7 percent (±4.3%) above the revised December estimate of $96.2 billion.

February 2016 data will be released on April 1, 2016 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 - January 2016

	Seasonally Adjusted Annual Rate				Not Seasonally Adjusted
	(millions of dollars)				(millions of dollars)
Total	1,140,841	XLS (11k)	PDF (31k)		77,586	XLS (11k)	PDF (31k)
Private	831,405	XLS (15k)	PDF (36k)		58,916	XLS (15k)	PDF (36k)
Residential	433,164	XLS (8k)	PDF (16k)		29,125	XLS (8k)	PDF (16k)
Nonresidential	398,241	XLS (8k)	PDF (18k)		29,791	XLS (8k)	PDF (18k)
Public	309,437	XLS (11k)	PDF (24k)		18,669	XLS (11k)	PDF (24k)
State and Local	286,114	XLS (11k)	PDF (31k)		17,060	XLS (11k)	PDF (31k)
Federal	23,323	XLS (8k)	PDF (18k)		1,609	XLS (8k)	PDF (18k)

Source: Census.gov