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In August construction spending continued to grow
Construction Spending
U.S. construction outlays continue to increase after recent decline, as growth in construction spending returns.
The Commerce Department announced outlays for U.S. construction projects increased a slim 0.1 % in August on the seasonally adjusted basis annual rate at $1318.5 billion. Led by growing construction spending for amusement and recreation projects by 2.7 %.
Report indicates signs of growing optimism as investors open their wallets, construction spending is closely watched by investors and economists for signs of whether the economy is growing or shrinking.
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Over the past 12 months, U.S. construction outlays marked an by 8.4 % advance as the private construction outlays grew less than total construction.
The construction of private projects sunk despite the increase in total construction spending, by -0.7 % on the seasonally adjusted basis.
Private residential outlays were in August at $548.9 billion annual rate, which makes 42.15 % of total construction spending.
The construction of private projects jumped by 6.5 % for the year.
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| Public Construction Spending
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Spending on public construction has climbed more then double the rate, of total construction growth by 2 % on the seasonally adjusted basis.
Private residential outlays were in August at $548.9 billion annual rate, which makes 42.15 % of total construction spending.
From the same month a year ago, public construction outlays jumped by 17.4 %.
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Construction Spending Seasonally Adjusted
( in millions $) Annual Rate |
Aug. 2018
Prel. |
July 2018
Prel. |
June 2018
Prel. |
May 2018
Rest. |
April 2018
Prel. |
March 2018
Prel. |
| Total Construction |
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1,318,485 |
1,317,434 |
1,314,788 |
1,332,177 |
1,310,404 |
1,284,740 |
| Residential |
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555,751 |
559,743 |
558,134 |
577,692 |
563,429 |
543,812 |
| Nonresidential |
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762,734 |
757,692 |
756,654 |
754,485 |
746,975 |
740,928 |
| Lodging |
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31,764 |
31,101 |
31,573 |
31,820 |
32,407 |
31,482 |
| Office |
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73,886 |
72,525 |
72,518 |
72,674 |
74,857 |
74,494 |
| Commercial |
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91,302 |
92,219 |
92,985 |
92,761 |
90,885 |
91,077 |
| Health care |
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41,962 |
41,528 |
41,913 |
42,473 |
41,550 |
41,329 |
| Educational |
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92,630 |
92,023 |
91,303 |
96,873 |
96,116 |
94,987 |
| Religious |
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2,835 |
2,861 |
2,844 |
3,153 |
3,451 |
2,977 |
| Public safety |
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9,788 |
9,721 |
9,437 |
9,291 |
9,287 |
9,141 |
| Amusement & recreation |
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27,299 |
26,588 |
26,587 |
25,246 |
25,646 |
24,637 |
| Transportation |
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54,033 |
54,052 |
52,848 |
51,133 |
51,818 |
51,247 |
| Power |
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100,838 |
102,133 |
103,148 |
104,419 |
98,217 |
95,249 |
| Highway & street |
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99,206 |
97,576 |
95,934 |
95,325 |
88,154 |
91,218 |
| Sewage & waste disposal |
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22,852 |
22,467 |
22,536 |
22,367 |
20,744 |
20,991 |
| Water supply |
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15,937 |
15,252 |
15,377 |
14,282 |
12,213 |
11,890 |
| Conservation & development |
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9,636 |
9,049 |
8,484 |
7,915 |
8,585 |
9,071 |
| Manufacturing |
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63,872 |
64,137 |
64,722 |
59,994 |
66,779 |
67,079 |
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| Total Private Construction
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548,892 |
553,020 |
551,668 |
570,919 |
556,294 |
536,788 |
| Residential |
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548,892 |
553,020 |
551,668 |
570,919 |
556,294 |
536,788 |
| New single family |
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284,920 |
286,829 |
288,162 |
288,573 |
285,703 |
283,536 |
| New multi-family |
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58,551 |
59,564 |
59,351 |
61,612 |
61,955 |
58,932 |
| Nonresidential |
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452,858 |
453,888 |
457,756 |
453,007 |
457,988 |
450,704 |
| Lodging |
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30,238 |
30,108 |
30,702 |
30,654 |
31,098 |
30,143 |
| Office |
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63,498 |
63,004 |
62,728 |
62,979 |
65,003 |
64,088 |
| Commercial |
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87,901 |
88,684 |
89,395 |
89,540 |
87,082 |
87,027 |
| Health care |
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31,811 |
31,495 |
32,443 |
32,899 |
31,849 |
30,749 |
| Educational |
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20,292 |
20,371 |
20,904 |
20,596 |
21,923 |
21,853 |
| Religious |
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2,835 |
2,861 |
2,844 |
3,153 |
3,451 |
2,977 |
| Amusement & recreation |
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14,959 |
14,687 |
14,687 |
14,068 |
14,324 |
14,261 |
| Transportation |
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17,891 |
17,660 |
17,486 |
16,782 |
18,107 |
18,634 |
| Communication |
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24,560 |
24,396 |
24,376 |
24,690 |
26,132 |
23,989 |
| Power |
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94,604 |
95,855 |
97,134 |
97,427 |
92,094 |
90,001 |
| Manufacturing |
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63,279 |
63,734 |
64,168 |
59,499 |
66,278 |
66,376 |
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| Total Public Construction |
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316,736 |
310,525 |
305,364 |
308,251 |
296,122 |
297,248 |
| Residential |
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6,859 |
6,722 |
6,466 |
6,773 |
7,135 |
7,024 |
| Nonresidential |
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309,877 |
303,803 |
298,898 |
301,479 |
288,987 |
290,225 |
| Office |
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10,389 |
9,521 |
9,790 |
9,695 |
9,854 |
10,406 |
| Commercial |
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3,401 |
3,535 |
3,590 |
3,221 |
3,803 |
4,050 |
| Health care |
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10,151 |
10,033 |
9,469 |
9,574 |
9,701 |
10,580 |
| Educational |
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72,337 |
71,652 |
70,400 |
76,276 |
74,193 |
73,134 |
| Public safety |
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9,643 |
9,545 |
9,287 |
9,202 |
9,163 |
9,063 |
| Amusement & recreation |
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12,340 |
11,901 |
11,900 |
11,179 |
11,322 |
10,375 |
| Transportation |
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36,142 |
36,393 |
35,361 |
34,351 |
33,711 |
32,613 |
| Power |
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6,234 |
6,279 |
6,014 |
6,992 |
6,123 |
5,248 |
| Highway & street |
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99,012 |
97,327 |
95,778 |
95,132 |
87,954 |
90,997 |
| Sewage & waste disposal |
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22,480 |
22,095 |
22,166 |
22,082 |
20,617 |
20,848 |
| Water supply |
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15,674 |
15,034 |
15,182 |
14,152 |
12,053 |
11,754 |
| Conservation & development |
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9,620 |
9,031 |
8,464 |
7,892 |
8,550 |
9,040 |
Construction Spending by Month and Category Year on Year Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( Y/Y in % ) |
Aug. 2018
Prel. |
July 2018
Prel. |
June 2018
Prel. |
May 2018
Rest. |
April 2018
Prel. |
March 2018
Prel. |
| Total Construction |
8.43 % |
8.74 % |
7.2 % |
8.3 % |
7.54 % |
5.45 % |
| Residential |
6.6 % |
7.01 % |
6.6 % |
12 % |
7.89 % |
6.7 % |
| Nonresidential |
9.8 % |
10.06 % |
7.65 % |
5.62 % |
7.28 % |
4.56 % |
| Lodging |
7.01 % |
14.37 % |
12.79 % |
14.88 % |
16.41 % |
10.91 % |
| Office |
8.65 % |
3.7 % |
3.11 % |
0.7 % |
4.34 % |
1.57 % |
| Commercial |
5.01 % |
11.88 % |
5.38 % |
11.75 % |
13.12 % |
13.12 % |
| Health care |
3.61 % |
7.91 % |
6.03 % |
8.28 % |
3.14 % |
-0.2 % |
Educational |
5.86 % |
8.1 % |
1.8 % |
3.55 % |
5.85 % |
4.61 % |
| Religious |
-11.07 % |
-8.68 % |
-14.72 % |
-5.68 % |
3.57 % |
-13.79 % |
| Public safety |
20.69 % |
21.71 % |
23.04 % |
12.75 % |
11.73 % |
13.47 % |
| Amusement & recreation |
16.17 % |
14.66 % |
14.35 % |
6.73 % |
15.21 % |
6.29 % |
Transportation |
28.55 % |
29.62 % |
25.26 % |
22 % |
23.75 % |
29.1 % |
| Power |
0.98 % |
2.15 % |
3.32 % |
3.89 % |
4.25 % |
-4.07 % |
| Highway & street |
18.58 % |
14.8 % |
12.34 % |
5.01 % |
-1.78 % |
-0.66 % |
| Sewage & waste disposal |
17.94 % |
19.47 % |
19.64 % |
15.34 % |
11.59 % |
9.36 % |
Water supply |
36.99 % |
39.63 % |
33.6 % |
21.2 % |
10.95 % |
12.27 % |
| Conservation & development |
46.35 % |
39.09 % |
28.35 % |
9.6 % |
29.31 % |
20.83 % |
Manufacturing |
4.52 % |
-3.07 % |
-0.64 % |
-14.38 % |
-2.47 % |
-3.6 % |
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| Total Private Construction
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6.45 % |
6.87 % |
6.56 % |
12.03 % |
7.67 % |
6.63 % |
| Residential |
6.45 % |
6.87 % |
6.56 % |
12.03 % |
7.67 % |
6.63 % |
| Nonresidential |
5.17 % |
6.05 % |
4.5 % |
4.48 % |
7.36 % |
3.19 % |
| Lodging |
7 % |
12.25 % |
13.59 % |
12.33 % |
13.28 % |
7.55 % |
| Office |
6.86 % |
1.53 % |
0.81 % |
-1.18 % |
0.37 % |
-2.36 % |
| Commercial |
5 % |
11.81 % |
4.99 % |
12.78 % |
12.81 % |
12.16 % |
| Health care |
3.24 % |
7.84 % |
6.95 % |
12.1 % |
0.8 % |
-6.05 % |
| Educational |
5.85 % |
7.49 % |
3.76 % |
6.72 % |
9.25 % |
6.16 % |
| Religious |
-11.07 % |
-8.68 % |
-14.72 % |
-5.68 % |
3.57 % |
-13.79 % |
| Amusement & recreation |
9.58 % |
12.69 % |
12.17 % |
10.1 % |
17.26 % |
14.33 % |
| Transportation |
21.96 % |
27.3 % |
24.55 % |
37.76 % |
52.52 % |
62.67 % |
| Communication |
7.75 % |
12.17 % |
5.26 % |
13.9 % |
25.89 % |
10.46 % |
| Power |
0.83 % |
2.37 % |
2.89 % |
3.14 % |
3.75 % |
-3.65 % |
| Manufacturing |
4.76 % |
-2.82 % |
-0.15 % |
-14.28 % |
-2.31 % |
-3.66 % |
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| Total Public Construction |
17.4 % |
16.73 % |
12.81 % |
7.44 % |
7.58 % |
6.89 % |
| Residential |
19.72 % |
20.06 % |
10.49 % |
9.97 % |
28.1 % |
12.96 % |
| Nonresidential |
17.35 % |
16.66 % |
12.86 % |
7.39 % |
7.16 % |
6.76 % |
| Office |
21.06 % |
20.81 % |
20.76 % |
14.94 % |
41.26 % |
35.07 % |
| Commercial |
5.16 % |
13.48 % |
16.11 % |
-10.9 % |
20.65 % |
38.79 % |
| Health care |
4.8 % |
8.13 % |
2.99 % |
-3.06 % |
11.66 % |
21.83 % |
| Educational |
5.86 % |
8.27 % |
1.23 % |
2.72 % |
4.88 % |
4.16 % |
Public safety |
19.46 % |
19.99 % |
22.05 % |
12.56 % |
11.31 % |
13.26 % |
| Amusement & recreation |
25.29 % |
17.18 % |
17.16 % |
2.77 % |
12.71 % |
-3.08 % |
| Transportation |
32.08 % |
30.78 % |
25.6 % |
15.54 % |
12.37 % |
15.48 % |
| Power |
3.26 % |
-1.16 % |
10.78 % |
15.61 % |
12.37 % |
-10.75 % |
Highway & street |
18.73 % |
14.78 % |
12.53 % |
4.99 % |
-1.75 % |
-0.57 % |
| Sewage & waste disposal |
16.94 % |
18.17 % |
18.64 % |
14.94 % |
12.2 % |
9.85 % |
| Water supply |
36.97 % |
41.26 % |
35.72 % |
22.49 % |
11.54 % |
13.29 % |
Conservation & development |
46.74 % |
39.22 % |
28.48 % |
9.66 % |
29.17 % |
20.76 % |
Construction Spending by Month and Category Month on Month Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( M/M in % ) |
Aug. 2018
Prel. |
July 2018
Prel. |
June 2018
Prel. |
May 2018
Rest. |
April 2018
Prel. |
March 2018
Prel. |
| Total Construction |
0.08 % |
0.2 % |
-1.31 % |
1.66 % |
2 % |
-1.65 % |
| Residential |
-0.71 % |
0.29 % |
-3.39 % |
2.53 % |
3.61 % |
-3.5 % |
| Nonresidential |
0.67 % |
0.14 % |
0.29 % |
1.01 % |
0.82 % |
-0.25 % |
| Lodging |
2.13 % |
-1.49 % |
-0.78 % |
-1.81 % |
2.94 % |
-0.2 % |
| Office |
1.88 % |
0.01 % |
-0.21 % |
-2.92 % |
0.49 % |
0.73 % |
| Commercial |
-0.99 % |
-0.82 % |
0.24 % |
2.06 % |
-0.21 % |
-2.31 % |
| Health care |
1.05 % |
-0.92 % |
-1.32 % |
2.22 % |
0.53 % |
-2.01 % |
Educational |
0.66 % |
0.79 % |
-5.75 % |
0.79 % |
1.19 % |
0.11 % |
| Religious |
-0.91 % |
0.6 % |
-9.8 % |
-8.64 % |
15.92 % |
3.48 % |
| Public safety |
0.69 % |
3.01 % |
1.57 % |
0.04 % |
1.6 % |
-4.19 % |
| Amusement & recreation |
2.67 % |
0 % |
5.31 % |
-1.56 % |
4.1 % |
1.75 % |
Transportation |
-0.04 % |
2.28 % |
3.35 % |
-1.32 % |
1.11 % |
-1.58 % |
| Power |
-1.27 % |
-0.98 % |
-1.22 % |
6.31 % |
3.12 % |
0.35 % |
| Highway & street |
1.67 % |
1.71 % |
0.64 % |
8.13 % |
-3.36 % |
1.26 % |
| Sewage & waste disposal |
1.71 % |
-0.31 % |
0.76 % |
7.82 % |
-1.18 % |
-0.49 % |
Water supply |
4.49 % |
-0.81 % |
7.67 % |
16.94 % |
2.72 % |
-4.47 % |
| Conservation & development |
6.49 % |
6.66 % |
7.19 % |
-7.8 % |
-5.36 % |
8.3 % |
Manufacturing |
-0.41 % |
-0.9 % |
7.88 % |
-10.16 % |
-0.45 % |
-0.94 % |
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| Total Private Construction
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-0.75 % |
0.25 % |
-3.37 % |
2.63 % |
3.63 % |
-3.55 % |
| Residential |
-0.75 % |
0.25 % |
-3.37 % |
2.63 % |
3.63 % |
-3.55 % |
| New single family |
-0.67 % |
-0.46 % |
-0.14 % |
1 % |
0.76 % |
-0.45 % |
| New multi-family |
-1.7 % |
0.36 % |
-3.67 % |
-0.55 % |
5.13 % |
-2.68 % |
| Nonresidential |
-0.23 % |
-0.84 % |
1.05 % |
-1.09 % |
1.62 % |
-0.4 % |
| Lodging |
0.43 % |
-1.93 % |
0.16 % |
-1.43 % |
3.17 % |
-0.35 % |
| Office |
0.78 % |
0.44 % |
-0.4 % |
-3.11 % |
1.43 % |
1.11 % |
| Commercial |
-0.88 % |
-0.8 % |
-0.16 % |
2.82 % |
0.06 % |
-2.18 % |
| Health care |
1 % |
-2.92 % |
-1.39 % |
3.3 % |
3.58 % |
-3.51 % |
| Educational |
-0.39 % |
-2.55 % |
1.5 % |
-6.05 % |
0.32 % |
0.89 % |
| Religious |
-0.91 % |
0.6 % |
-9.8 % |
-8.64 % |
15.92 % |
3.48 % |
| Amusement & recreation |
1.85 % |
0 % |
4.4 % |
-1.79 % |
0.44 % |
4.48 % |
| Transportation |
1.31 % |
1 % |
4.19 % |
-7.32 % |
-2.83 % |
0.4 % |
| Communication |
0.67 % |
0.08 % |
-1.27 % |
-5.52 % |
8.93 % |
1.62 % |
| Power |
-1.31 % |
-1.32 % |
-0.3 % |
5.79 % |
2.33 % |
-0.01 % |
| Manufacturing |
-0.71 % |
-0.68 % |
7.85 % |
-10.23 % |
-0.15 % |
-1.14 % |
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| Total Public Construction |
2 % |
1.69 % |
-0.94 % |
4.1 % |
-0.38 % |
-0.02 % |
| Residential |
2.04 % |
3.96 % |
-4.53 % |
-5.07 % |
1.58 % |
-0.06 % |
| Nonresidential |
2 % |
1.64 % |
-0.86 % |
4.32 % |
-0.43 % |
-0.01 % |
| Office |
9.12 % |
-2.75 % |
0.98 % |
-1.61 % |
-5.3 % |
-1.56 % |
| Commercial |
-3.79 % |
-1.53 % |
11.46 % |
-15.3 % |
-6.1 % |
-5 % |
| Health care |
1.18 % |
5.96 % |
-1.1 % |
-1.31 % |
-8.31 % |
2.64 % |
| Educational |
0.96 % |
1.78 % |
-7.7 % |
2.81 % |
1.45 % |
-0.12 % |
Public safety |
1.03 % |
2.78 % |
0.92 % |
0.43 % |
1.1 % |
-4.16 % |
| Amusement & recreation |
3.69 % |
0.01 % |
6.45 % |
-1.26 % |
9.13 % |
-1.79 % |
| Transportation |
-0.69 % |
2.92 % |
2.94 % |
1.9 % |
3.37 % |
-2.67 % |
| Power |
-0.72 % |
4.41 % |
-13.99 % |
14.19 % |
16.67 % |
6.93 % |
Highway & street |
1.73 % |
1.62 % |
0.68 % |
8.16 % |
-3.34 % |
1.23 % |
| Sewage & waste disposal |
1.74 % |
-0.32 % |
0.38 % |
7.11 % |
-1.11 % |
-0.54 % |
| Water supply |
4.26 % |
-0.97 % |
7.28 % |
17.41 % |
2.54 % |
-4.61 % |
Conservation & development |
6.52 % |
6.7 % |
7.25 % |
-7.7 % |
-5.42 % |
8.29 % |
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