September Outlays for U.S. construction projects grew

Construction Spending

U.S. Department of Commerce reported 0.5 % increase in construction spending in September, led by increase in residential construction. Construction spending including food services grew in September by 0.5 % on the seasonally adjusted basis to annual rate at $1293.6 billion, reported by the Commerce Department. Growth of residential construction in the last month, shows that more Americans are able to afford to buy own home. Construction spending is closely watched by investors and economists for signs of whether the economy is growing or shrinking.August outlays for U.S. construction projects were revised to $1287.1 billion to show -0.1 % decline.

From the same month a year ago, construction spending deteriorated by -2.7 % mainly because of retreating residential construction outlays by -7.9 %. Outlays for private construction increased by 0.6 % and accelerated on the seasonally adjusted basis, nonresidential construction was led by spending increases for health care projects and manufacturing buildings. A negative news came from the business sector, as businesses cut investments for construction of commercial buildings. Growth in the private construction spending is generally viewed as a good news, as increasing private investments show optimism in private sector about future economic prospects. Outlays for private construction projects dropped by -8.1 % from Sep. 2018.

	*M/M*	*Y/Y*
• Commercial	-0.62%	-10.59%
• Office	0.28%	8.80 %
• Transportation	-0.16%	3.53 %
• Power	-1.23%	-5.89%
• Manufacturing	1.17%	6.31 %
• Lodging	-1.23%	-0.11%



Public Construction Spending
August outlays for U.S. construction projects were revised to $1287.1 billion to show -0.1 % decline. Spending on public construction has climbed more then double the rate, of total construction growth by 1.5 % on the seasonally adjusted basis, nonresidential construction grew for highways, streets and commercial buildings projects. Outlays for amusement and recreation projects deteriorated. Growth in the private construction spending is generally viewed as a good news, as increasing private investments show optimism in private sector about future economic prospects. Over the last 12 months, public construction outlays soared by 7.4 %.

Construction Spending Seasonally Adjusted ( in millions $) Annual Rate	Sep. 2019 Prel.	Aug. 2019 Rest.	July 2019 Prel.	June 2019 Prel.	May 2019 Prel.
Total Construction	1,293,614	1,287,054	1,288,794	1,286,997	1,303,427
Residential	517,977	515,054	512,777	513,244	515,871
Nonresidential	775,637	772,000	776,017	773,753	787,557
Lodging	33,253	33,666	34,663	34,329	33,991
Office	79,778	79,552	78,943	78,950	78,246
Commercial	81,957	82,470	82,552	83,064	81,965
Health care	43,605	43,291	44,761	42,791	42,933
Educational	97,183	94,533	90,845	90,672	97,012
Religious	2,659	2,719	2,622	2,751	2,832
Public safety	10,289	10,488	10,500	9,901	10,048
Amusement & recreation	27,170	28,184	27,802	27,766	27,644
Transportation	55,564	55,654	56,179	56,787	57,979
Power	95,581	96,770	99,518	98,430	100,045
Highway & street	98,263	95,759	97,314	102,209	109,079
Sewage & waste disposal	27,303	27,196	27,848	26,760	27,048
Water supply	17,839	16,905	17,338	16,084	16,038
Conservation & development	9,171	9,405	9,722	8,963	8,639
Manufacturing	72,502	71,667	72,491	71,132	70,523

Total Private Construction	511,419	508,449	506,743	507,231	509,690
Residential	511,419	508,449	506,743	507,231	509,690
New single family	274,612	271,120	268,138	263,582	265,392
New multi-family	61,533	61,993	62,458	66,198	66,044
Nonresidential	450,251	451,410	456,396	455,712	457,300
Lodging	32,366	32,782	33,691	33,188	32,603
Office	69,022	68,799	68,547	68,184	67,939
Commercial	77,415	78,033	77,899	78,702	77,723
Health care	34,502	34,222	35,691	34,300	34,146
Educational	18,318	18,073	17,572	17,709	18,684
Religious	2,659	2,719	2,622	2,751	2,832
Amusement & recreation	13,429	13,753	13,951	14,597	14,576
Transportation	16,505	16,395	16,234	18,443	19,505
Communication	23,416	23,620	22,818	23,060	23,342
Power	88,944	90,197	93,596	92,417	94,383
Manufacturing	72,290	71,415	72,250	70,906	70,279

Total Public Construction	331,944	327,195	325,655	324,055	336,437
Residential	6,558	6,605	6,035	6,013	6,180
Nonresidential	325,386	320,591	319,621	318,041	330,257
Office	10,756	10,753	10,396	10,766	10,307
Commercial	4,542	4,437	4,653	4,362	4,241
Health care	9,103	9,070	9,070	8,491	8,787
Educational	78,864	76,459	73,273	72,963	78,328
Public safety	10,078	10,246	10,269	9,682	9,834
Amusement & recreation	13,741	14,431	13,850	13,170	13,069
Transportation	39,059	39,259	39,944	38,344	38,474
Power	6,638	6,573	5,922	6,013	5,661
Highway & street	97,982	95,482	97,011	101,939	108,874
Sewage & waste disposal	26,732	26,647	27,186	26,082	26,453
Water supply	17,560	16,622	17,049	15,826	15,801
Conservation & development	9,129	9,354	9,681	8,932	8,603

Construction Spending by Month and Category Year on Year Growth at Annual Rate

Construction Spending Seasonally Adjusted Annuall Rate ( Y/Y in % )	Sep. 2019 Prel.	Aug. 2019 Rest.	July 2019 Prel.	June 2019 Prel.	May 2019 Prel.
Total Construction	-2.7 %	-2.38 %	-2.17 %	-2.11 %	-2.16 %
Residential	-7.89 %	-7.32 %	-8.39 %	-8.04 %	-10.7 %
Nonresidential	1.11 %	1.21 %	2.42 %	2.26 %	4.38 %
Lodging	-0.11 %	5.99 %	11.45 %	8.73 %	6.82 %
Office	8.8 %	7.67 %	8.85 %	8.87 %	7.67 %
Commercial	-10.59 %	-9.67 %	-10.48 %	-10.67 %	-11.64 %
Health care	2.46 %	3.17 %	7.79 %	2.09 %	1.08 %
Educational	0.73 %	2.05 %	-1.28 %	-0.69 %	0.14 %
Religious	-8.22 %	-4.09 %	-8.35 %	-3.27 %	-10.18 %
Public safety	7.89 %	7.15 %	8.01 %	4.92 %	8.15 %
Amusement & recreation	-2.95 %	3.24 %	4.57 %	4.43 %	9.5 %
Transportation	3.53 %	3 %	3.94 %	7.45 %	13.39 %
Power	-5.89 %	-4.03 %	-2.56 %	-4.57 %	-4.19 %
Highway & street	3.08 %	-3.47 %	-0.27 %	6.54 %	14.43 %
Sewage & waste disposal	22.69 %	19.01 %	23.95 %	18.74 %	20.93 %
Water supply	20.4 %	6.07 %	13.68 %	4.6 %	12.3 %
Conservation & development	-3.25 %	-2.4 %	7.44 %	5.65 %	9.15 %
Manufacturing	6.31 %	12.2 %	13.03 %	9.9 %	17.55 %

Total Private Construction	-8.09 %	-7.37 %	-8.37 %	-8.06 %	-10.72 %
Residential	-8.09 %	-7.37 %	-8.37 %	-8.06 %	-10.72 %
New single family	-3.05 %	-4.84 %	-6.52 %	-8.53 %	-8.03 %
New multi-family	-4.2 %	5.88 %	4.86 %	11.54 %	7.19 %
Nonresidential	-2.95 %	-0.32 %	0.55 %	-0.45 %	0.95 %
Lodging	1.16 %	8.41 %	11.9 %	8.1 %	6.36 %
Office	7.41 %	8.35 %	8.8 %	8.7 %	7.88 %
Commercial	-12.15 %	-11.23 %	-12.16 %	-11.96 %	-13.2 %
Health care	3.59 %	7.58 %	13.32 %	5.72 %	3.79 %
Educational	-16.39 %	-10.94 %	-13.74 %	-15.28 %	-9.28 %
Religious	-8.22 %	-4.09 %	-8.35 %	-3.27 %	-10.18 %
Amusement & recreation	-12.42 %	-8.06 %	-5.01 %	-0.61 %	3.61 %
Transportation	-7.94 %	-8.36 %	-8.07 %	5.47 %	16.23 %
Communication	-1.68 %	-3.83 %	-6.47 %	-5.4 %	-5.46 %
Power	-6.89 %	-4.66 %	-2.36 %	-4.86 %	-3.12 %
Manufacturing	6.66 %	12.86 %	13.36 %	10.5 %	18.12 %

Total Public Construction	7.39 %	3.3 %	4.87 %	6.12 %	9.14 %
Residential	11.21 %	-3.7 %	-10.22 %	-7.01 %	-8.76 %
Nonresidential	7.32 %	3.46 %	5.21 %	6.4 %	9.55 %
Office	18.72 %	3.5 %	9.19 %	9.97 %	6.31 %
Commercial	28.2 %	30.46 %	31.63 %	21.5 %	31.67 %
Health care	-1.58 %	-10.65 %	-9.6 %	-10.33 %	-8.22 %
Educational	5.77 %	5.7 %	2.26 %	3.64 %	2.69 %
Public safety	7.32 %	6.25 %	7.59 %	4.25 %	6.87 %
Amusement & recreation	8.5 %	16.94 %	16.38 %	10.67 %	16.91 %
Transportation	9.29 %	8.62 %	9.76 %	8.44 %	12 %
Power	9.94 %	5.44 %	-5.69 %	-0.02 %	-19.04 %
Highway & street	2.95 %	-3.57 %	-0.32 %	6.43 %	14.45 %
Sewage & waste disposal	23.12 %	18.54 %	23.04 %	17.67 %	19.79 %
Water supply	20.19 %	6.05 %	13.4 %	4.24 %	11.65 %
Conservation & development	-3.51 %	-2.77 %	7.2 %	5.53 %	9.01 %

Construction Spending by Month and Category Month on Month Growth at Annual Rate

Construction Spending Seasonally Adjusted Annuall Rate ( M/M in % )	Sep. 2019 Prel.	Aug. 2019 Rest.	July 2019 Prel.	June 2019 Prel.	May 2019 Prel.
Total Construction	0.51 %	-0.14 %	0.14 %	-1.26 %	0.38 %
Residential	0.57 %	0.44 %	-0.09 %	-0.51 %	1.97 %
Nonresidential	0.47 %	-0.52 %	0.29 %	-1.75 %	-0.64 %
Lodging	-1.23 %	-2.88 %	0.97 %	0.99 %	5.04 %
Office	0.28 %	0.77 %	-0.01 %	0.9 %	0.04 %
Commercial	-0.62 %	-0.1 %	-0.62 %	1.34 %	-4.22 %
Health care	0.73 %	-3.28 %	4.6 %	-0.33 %	-0.38 %
Educational	2.8 %	4.06 %	0.19 %	-6.54 %	-2.76 %
Religious	-2.21 %	3.7 %	-4.69 %	-2.86 %	-0.7 %
Public safety	-1.9 %	-0.11 %	6.05 %	-1.46 %	1.19 %
Amusement & recreation	-3.6 %	1.37 %	0.13 %	0.44 %	1.77 %
Transportation	-0.16 %	-0.93 %	-1.07 %	-2.06 %	4.51 %
Power	-1.23 %	-2.76 %	1.11 %	-1.61 %	-0.13 %
Highway & street	2.61 %	-1.6 %	-4.79 %	-6.3 %	-4.89 %
Sewage & waste disposal	0.39 %	-2.34 %	4.07 %	-1.06 %	4.43 %
Water supply	5.52 %	-2.5 %	7.8 %	0.29 %	-4.9 %
Conservation & development	-2.49 %	-3.26 %	8.47 %	3.75 %	-0.35 %
Manufacturing	1.17 %	-1.14 %	1.91 %	0.86 %	2.98 %

Total Private Construction	0.58 %	0.34 %	-0.1 %	-0.48 %	2.08 %
Residential	0.58 %	0.34 %	-0.1 %	-0.48 %	2.08 %
New single family	1.29 %	1.11 %	1.73 %	-0.68 %	0.24 %
New multi-family	-0.74 %	-0.74 %	-5.65 %	0.23 %	1.87 %
Nonresidential	-0.26 %	-1.09 %	0.15 %	-0.35 %	0.58 %
Lodging	-1.27 %	-2.7 %	1.52 %	1.79 %	5.02 %
Office	0.32 %	0.37 %	0.53 %	0.36 %	1 %
Commercial	-0.79 %	0.17 %	-1.02 %	1.26 %	-3.73 %
Health care	0.82 %	-4.12 %	4.06 %	0.45 %	2.18 %
Educational	1.36 %	2.85 %	-0.77 %	-5.22 %	-5.59 %
Religious	-2.21 %	3.7 %	-4.69 %	-2.86 %	-0.7 %
Amusement & recreation	-2.36 %	-1.42 %	-4.43 %	0.14 %	1.11 %
Transportation	0.67 %	0.99 %	-11.98 %	-5.44 %	5.82 %
Communication	-0.86 %	3.51 %	-1.05 %	-1.21 %	0.28 %
Power	-1.39 %	-3.63 %	1.28 %	-2.08 %	0.86 %
Manufacturing	1.23 %	-1.16 %	1.9 %	0.89 %	2.86 %

Total Public Construction	1.45 %	0.47 %	0.49 %	-3.68 %	-2.36 %
Residential	-0.71 %	9.44 %	0.37 %	-2.7 %	-6.14 %
Nonresidential	1.5 %	0.3 %	0.5 %	-3.7 %	-2.29 %
Office	0.03 %	3.43 %	-3.44 %	4.45 %	-5.88 %
Commercial	2.37 %	-4.64 %	6.67 %	2.85 %	-12.36 %
Health care	0.36 %	0 %	6.82 %	-3.37 %	-9.22 %
Educational	3.15 %	4.35 %	0.42 %	-6.85 %	-2.06 %
Public safety	-1.64 %	-0.22 %	6.06 %	-1.55 %	1 %
Amusement & recreation	-4.78 %	4.19 %	5.16 %	0.77 %	2.53 %
Transportation	-0.51 %	-1.71 %	4.17 %	-0.34 %	3.86 %
Power	0.99 %	10.99 %	-1.51 %	6.22 %	-14.23 %
Highway & street	2.62 %	-1.58 %	-4.83 %	-6.37 %	-4.76 %
Sewage & waste disposal	0.32 %	-1.98 %	4.23 %	-1.4 %	4.87 %
Water supply	5.64 %	-2.5 %	7.73 %	0.16 %	-4.86 %
Conservation & development	-2.41 %	-3.38 %	8.39 %	3.82 %	-0.42 %

Source U.S. Department of Commerce Picture Autor: (Badseed) licence GNU.

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