Value of Construction Put in Place at a Glance: March 2016

MARCH 2016 CONSTRUCTION AT $1,137.5 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during March 2016 was estimated at a seasonally adjusted annual rate of $1,137.5 billion, 0.3 percent (±1.0%)* above the revised February estimate of $1,133.6 billion. The March figure is 8.0 percent (±1.6%) above the March 2015 estimate of $1,052.9 billion.

During the first 3 months of this year, construction spending amounted to $240.4 billion, 9.1 percent (±1.5%) above the $220.3 billion for the same period in 2015.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $842.3 billion, 1.1 percent (±0.8%) above the revised February estimate of $832.8 billion. Residential construction was at a seasonally adjusted annual rate of $435.5 billion in March, 1.6 percent (±1.3%) above the revised February estimate of $428.8 billion. Nonresidential construction was at a seasonally adjusted annual rate of $406.8 billion in March, 0.7 percent (±0.8%)* above the revised February estimate of $404.0 billion.

PUBLIC CONSTRUCTION

In March, the estimated seasonally adjusted annual rate of public construction spending was $295.2 billion, 1.9 percent (±2.0%)* below the revised February estimate of $300.8 billion. Educational construction was at a seasonally adjusted annual rate of $69.6 billion, 0.4 percent (±2.8%)* above the revised February estimate of $69.4 billion. Highway construction was at a seasonally adjusted annual rate of $97.3 billion, 0.4 percent (±6.6%)* above the revised February estimate of $96.9 billion.

Value of Construction Put in Place at a Glance: March 2016:

	Seasonally Adjusted Annual Rate				Not Seasonally Adjusted
	(millions of dollars)				(millions of dollars)
Total	1,137,488	XLS (11k)	PDF (31k)		85,763	XLS (11k)	PDF (31k)
Private	842,333	XLS (15k)	PDF (36k)		65,881	XLS (15k)	PDF (36k)
Residential	435,484	XLS (8k)	PDF (16k)		33,970	XLS (8k)	PDF (16k)
Nonresidential	406,849	XLS (8k)	PDF (18k)		31,911	XLS (8k)	PDF (18k)
Public	295,155	XLS (11k)	PDF (24k)		19,882	XLS (11k)	PDF (24k)
State and Local	273,879	XLS (11k)	PDF (31k)		18,161	XLS (11k)	PDF (31k)
Federal	21,276	XLS (8k)	PDF (18k)		1,721	XLS (8k)	PDF (18k)

Source: Census.gov