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U.S. construction spending down but private construction outlays are up
Construction Spending
The decline in nonresidential offsets gains in residential construction spending
In November spending on construction projects sunk by -0.7 % on the seasonally adjusted basis.
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Over the past 12 months, as the private construction outlays grew less than total construction, construction spending has climbed by 3.8 %.
Outlays for private construction increased by 0.7 % despite the decrease in total construction outlays, on the seasonally adjusted basis.
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 past 12 months, spending on private construction projects has climbed by 3.5 %.
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| Public Construction Spending
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Public construction outlays decreased faster than total construction outlays by -1.2 % on the seasonally adjusted basis, led by decline in nonresidential outlays for amusement, recreation and commercial buildings projects.
Growth in public construction spending is very volatile and often it does not reflect current economic contidions.
U.S. spending on public construction projects rose by 5.9 % in the past 12 months.
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Construction Spending Seasonally Adjusted
( in millions $) Annual Rate |
Nov. 2018
Prel. |
Oct. 2018
Prel. |
Sep. 2018
Prel. |
Aug. 2018
Prel. |
July 2018
Prel. |
| Total Construction |
|
1,299,875 |
1,308,848 |
1,329,452 |
1,318,485 |
1,317,434 |
| Residential |
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548,380 |
545,066 |
562,322 |
555,751 |
559,743 |
| Nonresidential |
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751,495 |
763,782 |
767,131 |
762,734 |
757,692 |
| Lodging |
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33,462 |
34,335 |
33,290 |
31,764 |
31,101 |
| Office |
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74,407 |
76,024 |
73,322 |
73,886 |
72,525 |
| Commercial |
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87,459 |
88,686 |
91,665 |
91,302 |
92,219 |
| Health care |
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41,011 |
42,400 |
42,556 |
41,962 |
41,528 |
| Educational |
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98,710 |
98,891 |
96,474 |
92,630 |
92,023 |
| Religious |
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3,075 |
2,960 |
2,897 |
2,835 |
2,861 |
| Public safety |
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9,486 |
9,547 |
9,537 |
9,788 |
9,721 |
| Amusement & recreation |
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27,631 |
27,877 |
27,996 |
27,299 |
26,588 |
| Transportation |
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53,020 |
53,458 |
53,668 |
54,033 |
54,052 |
| Power |
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98,348 |
99,357 |
101,564 |
100,838 |
102,133 |
| Highway & street |
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93,646 |
94,790 |
95,323 |
99,206 |
97,576 |
| Sewage & waste disposal |
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22,121 |
22,222 |
22,253 |
22,852 |
22,467 |
| Water supply |
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13,240 |
14,165 |
14,817 |
15,937 |
15,252 |
| Conservation & development |
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7,847 |
8,105 |
9,479 |
9,636 |
9,049 |
| Manufacturing |
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64,524 |
67,102 |
68,199 |
63,872 |
64,137 |
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| Total Private Construction
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542,534 |
538,958 |
556,424 |
548,892 |
553,020 |
| Residential |
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542,534 |
538,958 |
556,424 |
548,892 |
553,020 |
| New single family |
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277,512 |
282,611 |
283,238 |
284,920 |
286,829 |
| New multi-family |
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64,729 |
62,035 |
64,228 |
58,551 |
59,564 |
| Nonresidential |
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450,829 |
459,733 |
463,934 |
452,858 |
453,888 |
| Lodging |
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31,852 |
32,947 |
31,994 |
30,238 |
30,108 |
| Office |
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65,097 |
66,436 |
64,261 |
63,498 |
63,004 |
| Commercial |
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83,801 |
84,714 |
88,122 |
87,901 |
88,684 |
| Health care |
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31,410 |
32,885 |
33,307 |
31,811 |
31,495 |
| Educational |
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22,034 |
21,989 |
21,909 |
20,292 |
20,371 |
| Religious |
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3,028 |
2,944 |
2,897 |
2,835 |
2,861 |
| Amusement & recreation |
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14,933 |
15,006 |
15,333 |
14,959 |
14,687 |
| Transportation |
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17,675 |
17,542 |
17,929 |
17,891 |
17,660 |
| Communication |
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23,287 |
23,650 |
23,817 |
24,560 |
24,396 |
| Power |
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92,251 |
93,639 |
95,526 |
94,604 |
95,855 |
| Manufacturing |
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64,355 |
66,768 |
67,774 |
63,279 |
63,734 |
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| Total Public Construction |
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306,512 |
310,156 |
309,094 |
316,736 |
310,525 |
| Residential |
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5,846 |
6,108 |
5,897 |
6,859 |
6,722 |
| Nonresidential |
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300,666 |
304,049 |
303,197 |
309,877 |
303,803 |
| Office |
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9,310 |
9,588 |
9,060 |
10,389 |
9,521 |
| Commercial |
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3,658 |
3,972 |
3,543 |
3,401 |
3,535 |
| Health care |
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9,602 |
9,516 |
9,249 |
10,151 |
10,033 |
| Educational |
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76,676 |
76,902 |
74,565 |
72,337 |
71,652 |
| Public safety |
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9,341 |
9,416 |
9,391 |
9,643 |
9,545 |
| Amusement & recreation |
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12,698 |
12,871 |
12,664 |
12,340 |
11,901 |
| Transportation |
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35,345 |
35,916 |
35,739 |
36,142 |
36,393 |
| Power |
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6,097 |
5,718 |
6,038 |
6,234 |
6,279 |
| Highway & street |
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93,379 |
94,556 |
95,170 |
99,012 |
97,327 |
| Sewage & waste disposal |
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21,646 |
21,678 |
21,712 |
22,480 |
22,095 |
| Water supply |
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13,034 |
13,879 |
14,610 |
15,674 |
15,034 |
| Conservation & development |
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7,832 |
8,088 |
9,461 |
9,620 |
9,031 |
Construction Spending by Month and Category Year on Year Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( Y/Y in % ) |
Nov. 2018
Prel. |
Oct. 2018
Prel. |
Sep. 2018
Prel. |
Aug. 2018
Prel. |
July 2018
Prel. |
| Total Construction |
3.81 % |
5.42 % |
9.01 % |
8.43 % |
8.74 % |
| Residential |
3.18 % |
4.04 % |
7.84 % |
6.6 % |
7.01 % |
| Nonresidential |
4.28 % |
6.43 % |
9.89 % |
9.8 % |
10.06 % |
| Lodging |
14.67 % |
13.77 % |
11.11 % |
7.01 % |
14.37 % |
| Office |
7.89 % |
10.05 % |
9.12 % |
8.65 % |
3.7 % |
| Commercial |
-1.55 % |
5.27 % |
6.59 % |
5.01 % |
11.88 % |
| Health care |
-1.2 % |
1.12 % |
5.37 % |
3.61 % |
7.91 % |
Educational |
5.15 % |
-1.56 % |
4.64 % |
5.86 % |
8.1 % |
| Religious |
4.59 % |
-4.73 % |
-5.85 % |
-11.07 % |
-8.68 % |
| Public safety |
11.29 % |
10.29 % |
17.87 % |
20.69 % |
21.71 % |
| Amusement & recreation |
16.4 % |
19.65 % |
17.29 % |
16.17 % |
14.66 % |
Transportation |
12.53 % |
14.24 % |
23.21 % |
28.55 % |
29.62 % |
| Power |
-2.87 % |
0.59 % |
2.4 % |
0.98 % |
2.15 % |
| Highway & street |
6.13 % |
8.96 % |
12.78 % |
18.58 % |
14.8 % |
| Sewage & waste disposal |
6.88 % |
14.25 % |
15.34 % |
17.94 % |
19.47 % |
Water supply |
14.98 % |
19.6 % |
28.75 % |
36.99 % |
39.63 % |
| Conservation & development |
5.94 % |
-1.27 % |
28.18 % |
46.35 % |
39.09 % |
Manufacturing |
1.85 % |
8.57 % |
15.56 % |
4.52 % |
-3.07 % |
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| Total Private Construction
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3.46 % |
4.11 % |
7.96 % |
6.45 % |
6.87 % |
| Residential |
3.46 % |
4.11 % |
7.96 % |
6.45 % |
6.87 % |
| New single family |
1.23 % |
5.75 % |
6.67 % |
7.5 % |
8.6 % |
| New multi-family |
5.82 % |
1.86 % |
3.57 % |
-5.01 % |
-2.35 % |
| Nonresidential |
2.88 % |
6.36 % |
8.57 % |
5.17 % |
6.05 % |
| Lodging |
13.26 % |
14.38 % |
12.39 % |
7 % |
12.25 % |
| Office |
9.69 % |
11.68 % |
9.37 % |
6.86 % |
1.53 % |
| Commercial |
-2.33 % |
4.51 % |
6.29 % |
5 % |
11.81 % |
| Health care |
-0.22 % |
2.7 % |
6.01 % |
3.24 % |
7.84 % |
| Educational |
5.64 % |
2.26 % |
7.94 % |
5.85 % |
7.49 % |
| Religious |
2.99 % |
-5.25 % |
-5.85 % |
-11.07 % |
-8.68 % |
| Amusement & recreation |
13.5 % |
13.6 % |
12.42 % |
9.58 % |
12.69 % |
| Transportation |
4.41 % |
5.5 % |
20.9 % |
21.96 % |
27.3 % |
| Communication |
-0.36 % |
4.36 % |
4.72 % |
7.75 % |
12.17 % |
| Power |
-0.53 % |
1.82 % |
3.29 % |
0.83 % |
2.37 % |
| Manufacturing |
2.39 % |
9.1 % |
16.4 % |
4.76 % |
-2.82 % |
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| Total Public Construction |
5.87 % |
6.37 % |
11.66 % |
17.4 % |
16.73 % |
| Residential |
-17.52 % |
-1.64 % |
-2.09 % |
19.72 % |
20.06 % |
| Nonresidential |
6.46 % |
6.54 % |
11.97 % |
17.35 % |
16.66 % |
| Office |
-3.19 % |
-0.04 % |
7.33 % |
21.06 % |
20.81 % |
| Commercial |
20.45 % |
24.48 % |
14.51 % |
5.16 % |
13.48 % |
| Health care |
-4.28 % |
-3.98 % |
3.13 % |
4.8 % |
8.13 % |
| Educational |
5.01 % |
-2.6 % |
3.71 % |
5.86 % |
8.27 % |
Public safety |
10.82 % |
10.32 % |
16.53 % |
19.46 % |
19.99 % |
| Amusement & recreation |
20.02 % |
27.56 % |
23.78 % |
25.29 % |
17.18 % |
| Transportation |
17.09 % |
19.07 % |
24.41 % |
32.08 % |
30.78 % |
| Power |
-28.36 % |
-16.02 % |
-9.92 % |
3.26 % |
-1.16 % |
Highway & street |
6.08 % |
8.91 % |
12.88 % |
18.73 % |
14.78 % |
| Sewage & waste disposal |
5.3 % |
12.07 % |
13.11 % |
16.94 % |
18.17 % |
| Water supply |
14.99 % |
19.15 % |
28.23 % |
36.97 % |
41.26 % |
Conservation & development |
5.84 % |
-1.39 % |
28.18 % |
46.74 % |
39.22 % |
Construction Spending by Month and Category Month on Month Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( M/M in % ) |
Nov. 2018
Prel. |
Oct. 2018
Prel. |
Sep. 2018
Prel. |
Aug. 2018
Prel. |
July 2018
Prel. |
| Total Construction |
-0.69 % |
-1.55 % |
0.83 % |
0.08 % |
0.2 % |
| Residential |
0.61 % |
-3.07 % |
1.18 % |
-0.71 % |
0.29 % |
| Nonresidential |
-1.61 % |
-0.44 % |
0.58 % |
0.67 % |
0.14 % |
| Lodging |
-2.54 % |
3.14 % |
4.8 % |
2.13 % |
-1.49 % |
| Office |
-2.13 % |
3.69 % |
-0.76 % |
1.88 % |
0.01 % |
| Commercial |
-1.38 % |
-3.25 % |
0.4 % |
-0.99 % |
-0.82 % |
| Health care |
-3.28 % |
-0.37 % |
1.42 % |
1.05 % |
-0.92 % |
Educational |
-0.18 % |
2.51 % |
4.15 % |
0.66 % |
0.79 % |
| Religious |
3.89 % |
2.17 % |
2.19 % |
-0.91 % |
0.6 % |
| Public safety |
-0.64 % |
0.1 % |
-2.56 % |
0.69 % |
3.01 % |
| Amusement & recreation |
-0.88 % |
-0.43 % |
2.55 % |
2.67 % |
0 % |
Transportation |
-0.82 % |
-0.39 % |
-0.68 % |
-0.04 % |
2.28 % |
| Power |
-1.02 % |
-2.17 % |
0.72 % |
-1.27 % |
-0.98 % |
| Highway & street |
-1.21 % |
-0.56 % |
-3.91 % |
1.67 % |
1.71 % |
| Sewage & waste disposal |
-0.45 % |
-0.14 % |
-2.62 % |
1.71 % |
-0.31 % |
Water supply |
-6.53 % |
-4.4 % |
-7.03 % |
4.49 % |
-0.81 % |
| Conservation & development |
-3.18 % |
-14.5 % |
-1.63 % |
6.49 % |
6.66 % |
Manufacturing |
-3.84 % |
-1.61 % |
6.77 % |
-0.41 % |
-0.9 % |
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| Total Private Construction
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0.66 % |
-3.14 % |
1.37 % |
-0.75 % |
0.25 % |
| Residential |
0.66 % |
-3.14 % |
1.37 % |
-0.75 % |
0.25 % |
| New single family |
-1.8 % |
-0.22 % |
-0.59 % |
-0.67 % |
-0.46 % |
| New multi-family |
4.34 % |
-3.41 % |
9.7 % |
-1.7 % |
0.36 % |
| Nonresidential |
-1.94 % |
-0.91 % |
2.45 % |
-0.23 % |
-0.84 % |
| Lodging |
-3.32 % |
2.98 % |
5.81 % |
0.43 % |
-1.93 % |
| Office |
-2.02 % |
3.38 % |
1.2 % |
0.78 % |
0.44 % |
| Commercial |
-1.08 % |
-3.87 % |
0.25 % |
-0.88 % |
-0.8 % |
| Health care |
-4.49 % |
-1.27 % |
4.7 % |
1 % |
-2.92 % |
| Educational |
0.2 % |
0.37 % |
7.97 % |
-0.39 % |
-2.55 % |
| Religious |
2.85 % |
1.62 % |
2.19 % |
-0.91 % |
0.6 % |
| Amusement & recreation |
-0.49 % |
-2.13 % |
2.5 % |
1.85 % |
0 % |
| Transportation |
0.76 % |
-2.16 % |
0.21 % |
1.31 % |
1 % |
| Communication |
-1.53 % |
-0.7 % |
-3.03 % |
0.67 % |
0.08 % |
| Power |
-1.48 % |
-1.98 % |
0.97 % |
-1.31 % |
-1.32 % |
| Manufacturing |
-3.61 % |
-1.48 % |
7.1 % |
-0.71 % |
-0.68 % |
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| Total Public Construction |
-1.17 % |
0.34 % |
-2.41 % |
2 % |
1.69 % |
| Residential |
-4.29 % |
3.58 % |
-14.03 % |
2.04 % |
3.96 % |
| Nonresidential |
-1.11 % |
0.28 % |
-2.16 % |
2 % |
1.64 % |
| Office |
-2.9 % |
5.83 % |
-12.79 % |
9.12 % |
-2.75 % |
| Commercial |
-7.91 % |
12.11 % |
4.18 % |
-3.79 % |
-1.53 % |
| Health care |
0.9 % |
2.89 % |
-8.89 % |
1.18 % |
5.96 % |
| Educational |
-0.29 % |
3.13 % |
3.08 % |
0.96 % |
1.78 % |
Public safety |
-0.8 % |
0.27 % |
-2.61 % |
1.03 % |
2.78 % |
| Amusement & recreation |
-1.34 % |
1.63 % |
2.63 % |
3.69 % |
0.01 % |
| Transportation |
-1.59 % |
0.5 % |
-1.12 % |
-0.69 % |
2.92 % |
| Power |
6.63 % |
-5.3 % |
-3.14 % |
-0.72 % |
4.41 % |
Highway & street |
-1.24 % |
-0.65 % |
-3.88 % |
1.73 % |
1.62 % |
| Sewage & waste disposal |
-0.15 % |
-0.16 % |
-3.42 % |
1.74 % |
-0.32 % |
| Water supply |
-6.09 % |
-5 % |
-6.79 % |
4.26 % |
-0.97 % |
Conservation & development |
-3.17 % |
-14.51 % |
-1.65 % |
6.52 % |
6.7 % |
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