Equipment Type

September's Construction Spending Up 2.0% Y2Y

Total construction spending rose 0.3 percent from the revised August 2017 estimate of $1.216 trillion.

 

November 01, 2017
Total construction spending rose 0.3 percent in September from the revised August estimate

The U.S. Commerce Department reported that September construction spending was $1.22 trillion, an increase of 2.0 percent over last September's $1.20 trillion. Here is a summary of September's figures:

Value of Construction Put in Place in the United States, Seasonally Adjusted Annual Rate

  • Total construction spending during September 2017 was estimated at a seasonally adjusted annual rate of $1.219 trillion, 0.3 percent above the revised August estimate of $1.216 trillion. The September 2017 figure is 2.0 percent above the September 2016 estimate of $1.196 trillion. During the first nine months of this year, construction spending amounted to $917 billion, 4.3 percent above the $879.6 billion for the same period in 2016. Leaders in total construction on a year-to-year basis were commercial up 11.4 percent and residential up 9.5 percent.
  • Spending on private construction was at a seasonally adjusted annual rate of $942.7 billion, 0.4 percent below the revised August estimate of $946.2 billion, but up 3.1 percent over last September. Residential construction was at a seasonally adjusted annual rate of $515.4 billion in September, nearly the same as  the revised August estimate of $515.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $427.3 billion in September, 0.8 percent below the revised August estimate of $430.6 billion. Leaders in private construction on a year-to-year basis were transportation up 22.0 percent, amusement and recreation up 9.5 percent, and commercial up 11.7 percent.
  • The estimated seasonally adjusted annual rate of public construction spending was $276.8 billion, 2.6 percent above the revised August estimate of $269.8 billion, but down 1.6 percent from last September. Leaders in public construction on a year-to-year basis were education up 6.0 percent, public safety up 5.8 percent, and office up 4.0 percent

For the complete U.S. Commerce report on September's construction, click here:

More like this

Comments on: "September's Construction Spending Up 2.0% Y2Y"

Overlay Init