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Construction spending fell in June by -1.3 %
Construction Spending
Construction spending decreased after recent increase in May, with decline in private and public sector spending.
In June construction spending decreased by -1.3 % on the seasonally adjusted basis to annual rate at $1287 billion. Since construction outlays are one of the important sources of domestic growth, flat or declining construction spending is generally a negative sign.
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From the same month a year ago, construction spending deteriorated by -2.1 % mainly because of retreating residential construction outlays by -8 %.
Private construction outlays decreased by -0.5 % on the seasonally adjusted basis.
Nonresidential private construction spending in June was at $507.2 billion annual rate, which represents 35.41 % of total construction spending.
Outlays for private construction projects dropped by -8.1 % from June 2018.
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| Public Construction Spending
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Spending on public construction projects deteriorated faster than total construction outlays by -3.7 % on the seasonally adjusted basis.
Nonresidential private construction spending in June was at $507.2 billion annual rate, which represents 35.41 % of total construction spending.
The construction of public projects jumped by 6.1 % for the year.
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Construction Spending Seasonally Adjusted
( in millions $) Annual Rate |
June 2019
Prel. |
May 2019
Prel. |
April 2019
Prel. |
March 2019
Prel. |
Feb. 2019
Prel. |
| Total Construction |
|
1,286,997 |
1,303,427 |
1,298,547 |
1,282,205 |
1,320,305 |
| Residential |
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513,244 |
515,871 |
505,904 |
506,975 |
546,549 |
| Nonresidential |
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773,753 |
787,557 |
792,643 |
775,231 |
773,757 |
| Lodging |
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34,329 |
33,991 |
32,360 |
33,685 |
33,445 |
| Office |
|
78,950 |
78,246 |
78,217 |
77,426 |
75,625 |
| Commercial |
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83,064 |
81,965 |
85,573 |
86,074 |
87,810 |
| Health care |
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42,791 |
42,933 |
43,098 |
42,128 |
41,433 |
| Educational |
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90,672 |
97,012 |
99,765 |
96,736 |
96,467 |
| Religious |
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2,751 |
2,832 |
2,852 |
2,973 |
3,087 |
| Public safety |
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9,901 |
10,048 |
9,930 |
9,539 |
9,338 |
| Amusement & recreation |
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27,766 |
27,644 |
27,162 |
27,065 |
27,338 |
| Transportation |
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56,787 |
57,979 |
55,476 |
52,737 |
52,672 |
| Power |
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98,430 |
100,045 |
100,179 |
100,986 |
98,453 |
| Highway & street |
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102,209 |
109,079 |
114,682 |
104,921 |
111,484 |
| Sewage & waste disposal |
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26,760 |
27,048 |
25,901 |
24,221 |
23,658 |
| Water supply |
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16,084 |
16,038 |
16,865 |
14,438 |
14,467 |
| Conservation & development |
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8,963 |
8,639 |
8,669 |
8,550 |
8,556 |
| Manufacturing |
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71,132 |
70,523 |
68,479 |
70,339 |
66,743 |
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| Total Private Construction
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507,231 |
509,690 |
499,320 |
500,926 |
540,897 |
| Residential |
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507,231 |
509,690 |
499,320 |
500,926 |
540,897 |
| New single family |
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263,582 |
265,392 |
264,747 |
263,153 |
267,179 |
| New multi-family |
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66,198 |
66,044 |
64,830 |
64,479 |
65,274 |
| Nonresidential |
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455,712 |
457,300 |
454,663 |
460,609 |
453,640 |
| Lodging |
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33,188 |
32,603 |
31,045 |
32,731 |
32,153 |
| Office |
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68,184 |
67,939 |
67,266 |
66,957 |
65,796 |
| Commercial |
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78,702 |
77,723 |
80,734 |
81,579 |
83,654 |
| Health care |
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34,300 |
34,146 |
33,418 |
33,803 |
33,149 |
| Educational |
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17,709 |
18,684 |
19,791 |
20,109 |
20,138 |
| Religious |
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2,751 |
2,832 |
2,852 |
2,973 |
3,087 |
| Amusement & recreation |
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14,597 |
14,576 |
14,416 |
14,622 |
14,387 |
| Transportation |
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18,443 |
19,505 |
18,433 |
17,788 |
17,865 |
| Communication |
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23,060 |
23,342 |
23,276 |
23,208 |
23,046 |
| Power |
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92,417 |
94,383 |
93,578 |
95,059 |
92,278 |
| Manufacturing |
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70,906 |
70,279 |
68,327 |
70,184 |
66,614 |
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| Total Public Construction |
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324,055 |
336,437 |
344,565 |
320,671 |
325,769 |
| Residential |
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6,013 |
6,180 |
6,584 |
6,049 |
5,652 |
| Nonresidential |
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318,041 |
330,257 |
337,980 |
314,622 |
320,117 |
| Office |
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10,766 |
10,307 |
10,951 |
10,469 |
9,829 |
| Commercial |
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4,362 |
4,241 |
4,839 |
4,495 |
4,156 |
| Health care |
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8,491 |
8,787 |
9,679 |
8,325 |
8,284 |
| Educational |
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72,963 |
78,328 |
79,974 |
76,627 |
76,329 |
| Public safety |
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9,682 |
9,834 |
9,737 |
9,382 |
9,113 |
| Amusement & recreation |
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13,170 |
13,069 |
12,747 |
12,443 |
12,951 |
| Transportation |
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38,344 |
38,474 |
37,043 |
34,949 |
34,807 |
| Power |
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6,013 |
5,661 |
6,600 |
5,927 |
6,175 |
| Highway & street |
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101,939 |
108,874 |
114,313 |
104,461 |
111,147 |
| Sewage & waste disposal |
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26,082 |
26,453 |
25,224 |
23,494 |
22,996 |
| Water supply |
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15,826 |
15,801 |
16,608 |
14,215 |
14,241 |
| Conservation & development |
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8,932 |
8,603 |
8,639 |
8,522 |
8,533 |
Construction Spending by Month and Category Year on Year Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( Y/Y in % ) |
June 2019
Prel. |
May 2019
Prel. |
April 2019
Prel. |
March 2019
Prel. |
Feb. 2019
Prel. |
| Total Construction |
-2.11 % |
-2.16 % |
-0.9 % |
-0.2 % |
1.07 % |
| Residential |
-8.04 % |
-10.7 % |
-10.21 % |
-6.77 % |
-3.02 % |
| Nonresidential |
2.26 % |
4.38 % |
6.11 % |
4.63 % |
4.17 % |
| Lodging |
8.73 % |
6.82 % |
-0.15 % |
7 % |
6.02 % |
| Office |
8.87 % |
7.67 % |
4.49 % |
3.94 % |
2.26 % |
| Commercial |
-10.67 % |
-11.64 % |
-5.84 % |
-5.49 % |
-5.81 % |
| Health care |
2.09 % |
1.08 % |
3.73 % |
1.93 % |
-1.76 % |
Educational |
-0.69 % |
0.14 % |
3.8 % |
1.84 % |
1.67 % |
| Religious |
-3.27 % |
-10.18 % |
-17.36 % |
-0.13 % |
7.3 % |
| Public safety |
4.92 % |
8.15 % |
6.92 % |
4.35 % |
-2.13 % |
| Amusement & recreation |
4.43 % |
9.5 % |
5.91 % |
9.86 % |
12.9 % |
Transportation |
7.45 % |
13.39 % |
7.06 % |
2.91 % |
1.16 % |
| Power |
-4.57 % |
-4.19 % |
2 % |
6.02 % |
3.72 % |
| Highway & street |
6.54 % |
14.43 % |
30.09 % |
15.02 % |
23.76 % |
| Sewage & waste disposal |
18.74 % |
20.93 % |
24.86 % |
15.39 % |
12.15 % |
Water supply |
4.6 % |
12.3 % |
38.09 % |
21.43 % |
16.23 % |
| Conservation & development |
5.65 % |
9.15 % |
0.98 % |
-5.74 % |
2.15 % |
Manufacturing |
9.9 % |
17.55 % |
2.55 % |
4.86 % |
-1.43 % |
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| Total Private Construction
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-8.06 % |
-10.72 % |
-10.24 % |
-6.68 % |
-2.81 % |
| Residential |
-8.06 % |
-10.72 % |
-10.24 % |
-6.68 % |
-2.81 % |
| New single family |
-8.53 % |
-8.03 % |
-7.33 % |
-7.19 % |
-6.19 % |
| New multi-family |
11.54 % |
7.19 % |
4.64 % |
9.41 % |
7.8 % |
| Nonresidential |
-0.45 % |
0.95 % |
-0.73 % |
2.2 % |
0.24 % |
| Lodging |
8.1 % |
6.36 % |
-0.17 % |
8.59 % |
6.29 % |
| Office |
8.7 % |
7.88 % |
3.48 % |
4.48 % |
3.81 % |
| Commercial |
-11.96 % |
-13.2 % |
-7.29 % |
-6.26 % |
-5.97 % |
| Health care |
5.72 % |
3.79 % |
4.93 % |
9.93 % |
4.02 % |
| Educational |
-15.28 % |
-9.28 % |
-9.72 % |
-7.98 % |
-7.03 % |
| Religious |
-3.27 % |
-10.18 % |
-17.36 % |
-0.13 % |
7.3 % |
| Amusement & recreation |
-0.61 % |
3.61 % |
0.64 % |
2.53 % |
5.4 % |
| Transportation |
5.47 % |
16.23 % |
1.8 % |
-4.54 % |
-3.74 % |
| Communication |
-5.4 % |
-5.46 % |
-10.93 % |
-3.26 % |
-2.38 % |
| Power |
-4.86 % |
-3.12 % |
1.61 % |
5.62 % |
2.52 % |
| Manufacturing |
10.5 % |
18.12 % |
3.09 % |
5.74 % |
-0.78 % |
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| Total Public Construction |
6.12 % |
9.14 % |
16.36 % |
7.88 % |
9.58 % |
| Residential |
-7.01 % |
-8.76 % |
-7.72 % |
-13.88 % |
-19.58 % |
| Nonresidential |
6.4 % |
9.55 % |
16.95 % |
8.41 % |
10.28 % |
| Office |
9.97 % |
6.31 % |
11.13 % |
0.61 % |
-7.02 % |
| Commercial |
21.5 % |
31.67 % |
27.24 % |
10.99 % |
-2.51 % |
| Health care |
-10.33 % |
-8.22 % |
-0.23 % |
-21.31 % |
-19.64 % |
| Educational |
3.64 % |
2.69 % |
7.79 % |
4.78 % |
4.24 % |
Public safety |
4.25 % |
6.87 % |
6.26 % |
3.52 % |
-3.63 % |
| Amusement & recreation |
10.67 % |
16.91 % |
12.59 % |
19.93 % |
22.6 % |
| Transportation |
8.44 % |
12 % |
9.88 % |
7.16 % |
3.88 % |
| Power |
-0.02 % |
-19.04 % |
7.79 % |
12.94 % |
25.81 % |
Highway & street |
6.43 % |
14.45 % |
29.97 % |
14.8 % |
23.65 % |
| Sewage & waste disposal |
17.67 % |
19.79 % |
22.35 % |
12.69 % |
9.7 % |
| Water supply |
4.24 % |
11.65 % |
37.79 % |
20.94 % |
15.57 % |
Conservation & development |
5.53 % |
9.01 % |
1.04 % |
-5.73 % |
2.22 % |
Construction Spending by Month and Category Month on Month Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( M/M in % ) |
June 2019
Prel. |
May 2019
Prel. |
April 2019
Prel. |
March 2019
Prel. |
Feb. 2019
Prel. |
| Total Construction |
-1.26 % |
0.38 % |
1.27 % |
-2.89 % |
0.99 % |
| Residential |
-0.51 % |
1.97 % |
-0.21 % |
-7.24 % |
0.72 % |
| Nonresidential |
-1.75 % |
-0.64 % |
2.25 % |
0.19 % |
1.18 % |
| Lodging |
0.99 % |
5.04 % |
-3.93 % |
0.72 % |
-0.02 % |
| Office |
0.9 % |
0.04 % |
1.02 % |
2.38 % |
-0.18 % |
| Commercial |
1.34 % |
-4.22 % |
-0.58 % |
-1.98 % |
-1.1 % |
| Health care |
-0.33 % |
-0.38 % |
2.3 % |
1.68 % |
-1.25 % |
Educational |
-6.54 % |
-2.76 % |
3.13 % |
0.28 % |
-0.31 % |
| Religious |
-2.86 % |
-0.7 % |
-4.07 % |
-3.69 % |
-3.95 % |
| Public safety |
-1.46 % |
1.19 % |
4.1 % |
2.15 % |
3.07 % |
| Amusement & recreation |
0.44 % |
1.77 % |
0.36 % |
-1 % |
0.76 % |
Transportation |
-2.06 % |
4.51 % |
5.19 % |
0.12 % |
-3.76 % |
| Power |
-1.61 % |
-0.13 % |
-0.8 % |
2.57 % |
0.77 % |
| Highway & street |
-6.3 % |
-4.89 % |
9.3 % |
-5.89 % |
9.6 % |
| Sewage & waste disposal |
-1.06 % |
4.43 % |
6.94 % |
2.38 % |
5.01 % |
Water supply |
0.29 % |
-4.9 % |
16.81 % |
-0.2 % |
5.15 % |
| Conservation & development |
3.75 % |
-0.35 % |
1.39 % |
-0.07 % |
0.08 % |
Manufacturing |
0.86 % |
2.98 % |
-2.64 % |
5.39 % |
0.86 % |
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| Total Private Construction
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-0.48 % |
2.08 % |
-0.32 % |
-7.39 % |
0.74 % |
| Residential |
-0.48 % |
2.08 % |
-0.32 % |
-7.39 % |
0.74 % |
| New single family |
-0.68 % |
0.24 % |
0.61 % |
-1.51 % |
-1.09 % |
| New multi-family |
0.23 % |
1.87 % |
0.54 % |
-1.22 % |
-0.43 % |
| Nonresidential |
-0.35 % |
0.58 % |
-1.29 % |
1.54 % |
-0.52 % |
| Lodging |
1.79 % |
5.02 % |
-5.15 % |
1.8 % |
0.14 % |
| Office |
0.36 % |
1 % |
0.46 % |
1.76 % |
-0.39 % |
| Commercial |
1.26 % |
-3.73 % |
-1.04 % |
-2.48 % |
-0.81 % |
| Health care |
0.45 % |
2.18 % |
-1.14 % |
1.97 % |
0.3 % |
| Educational |
-5.22 % |
-5.59 % |
-1.58 % |
-0.14 % |
-4.36 % |
| Religious |
-2.86 % |
-0.7 % |
-4.07 % |
-3.69 % |
-3.95 % |
| Amusement & recreation |
0.14 % |
1.11 % |
-1.41 % |
1.63 % |
-0.75 % |
| Transportation |
-5.44 % |
5.82 % |
3.63 % |
-0.43 % |
-6.97 % |
| Communication |
-1.21 % |
0.28 % |
0.29 % |
0.7 % |
-1.13 % |
| Power |
-2.08 % |
0.86 % |
-1.56 % |
3.01 % |
0.57 % |
| Manufacturing |
0.89 % |
2.86 % |
-2.65 % |
5.36 % |
0.89 % |
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| Total Public Construction |
-3.68 % |
-2.36 % |
7.45 % |
-1.56 % |
3.62 % |
| Residential |
-2.7 % |
-6.14 % |
8.84 % |
7.02 % |
-0.63 % |
| Nonresidential |
-3.7 % |
-2.29 % |
7.42 % |
-1.72 % |
3.7 % |
| Office |
4.45 % |
-5.88 % |
4.6 % |
6.51 % |
1.25 % |
| Commercial |
2.85 % |
-12.36 % |
7.65 % |
8.16 % |
-6.52 % |
| Health care |
-3.37 % |
-9.22 % |
16.26 % |
0.49 % |
-6.99 % |
| Educational |
-6.85 % |
-2.06 % |
4.37 % |
0.39 % |
0.82 % |
Public safety |
-1.55 % |
1 % |
3.78 % |
2.95 % |
3.09 % |
| Amusement & recreation |
0.77 % |
2.53 % |
2.44 % |
-3.92 % |
2.48 % |
| Transportation |
-0.34 % |
3.86 % |
5.99 % |
0.41 % |
-2.02 % |
| Power |
6.22 % |
-14.23 % |
11.35 % |
-4.02 % |
3.8 % |
Highway & street |
-6.37 % |
-4.76 % |
9.43 % |
-6.02 % |
9.54 % |
| Sewage & waste disposal |
-1.4 % |
4.87 % |
7.36 % |
2.17 % |
5.2 % |
| Water supply |
0.16 % |
-4.86 % |
16.83 % |
-0.18 % |
5.16 % |
Conservation & development |
3.82 % |
-0.42 % |
1.37 % |
-0.13 % |
0.55 % |
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