The U.S. Census Bureau of the Department of Commerce
announced today that construction spending during June 2016 was estimated at a
seasonally adjusted annual rate of $1,133.5 billion, 0.6 percent (±1.3%)* below
the revised May estimate of $1,140.9 billion. The June figure is 0.3 percent
(±1.6%)* above the June 2015 estimate of $1,130.5 billion.
During the first 6 months of this year, construction
spending amounted to $539.8 billion, 6.2 percent (±1.3%) above the $508.1
billion for the same period in 2015.
PRIVATE
CONSTRUCTION
Spending on private construction was at a seasonally
adjusted annual rate of $851.0 billion, 0.6 percent (±1.0%)* below the revised
May estimate of $856.6 billion. Residential construction was at a seasonally
adjusted annual rate of $445.8 billion in June, nearly the same as
(±1.3%)* the revised May estimate of
$445.9 billion. Nonresidential construction was at a seasonally adjusted annual
rate of $405.2 billion in June, 1.3 percent (±1.0%) below the revised May
estimate of $410.7 billion.
PUBLIC
CONSTRUCTION
In June, the estimated seasonally adjusted annual rate of
public construction spending was $282.5 billion, 0.6 percent (±2.5%)* below the
revised May estimate of $284.3 billion. Educational construction was at a
seasonally adjusted annual rate of $67.5 billion, 0.5 percent (±5.8%)* below
the revised May estimate of $67.8 billion. Highway construction was at a
seasonally adjusted annual rate of $88.0 billion, 1.4 percent (±5.4%)* below
the revised May estimate of $89.2 billion.
Value of Construction
Put in Place at a Glance June 2016
|
|
Seasonally
Adjusted Annual Rate
|
|
Not
Seasonally Adjusted
|
||||
|
|
(millions
of dollars)
|
|
(millions
of dollars)
|
||||
|
Total
|
1,133,543
|
|
102,696
|
||||
|
Private
|
851,029
|
|
75,735
|
||||
|
Residential
|
445,820
|
|
41,161
|
||||
|
Nonresidential
|
405,209
|
|
34,574
|
||||
|
Public
|
282,514
|
|
26,960
|
||||
|
State
and Local
|
259,845
|
|
25,005
|
||||
|
Federal
|
22,669
|
|
1,956
|
||||
Source: US Census
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