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July Outlays for U.S. construction projects grew
Construction Spending
U.S. Department of Commerce reported 0.1 % increase in construction spending in July, led by growth in construction outlays for health care, residential and nonresidential construction.
The Commerce Department announced outlays for U.S. construction projects increased a slim 0.1 % in July on the seasonally adjusted basis annual rate at $1288.8 billion. Growth of nonresidential construction in the last month, shows pick up of investments in commercial and infrastructure projects.
Construction spending is closely watched by investors and economists for signs of whether the economy is growing or shrinking.
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From the same month a year ago, construction spending deteriorated by -2.2 % mainly because of retreating residential construction outlays by -8.4 %.
Outlays for private construction projects declined despite the increase in total construction spending, by -0.1 % on the seasonally adjusted basis, led by decline in nonresidential outlays for amusement, recreation and commercial buildings projects.
The monthly construction data are highly volatile.
Outlays for private construction projects dropped by -8.4 % from July 2018.
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| Public Construction Spending
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Spending on public construction projects jumped more then double the rate, of total construction growth by 0.5 % on the seasonally adjusted basis, amusement, recreation, transportation, commercial buildings projects grew above average nonresidential construction. Construction spending for office buildings declined.
Government spending is very volatile, it often depends on local and state budgets.
Government construction outlays grew by 4.9 % over the past 12 months.
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Construction Spending Seasonally Adjusted
( in millions $) Annual Rate |
July 2019
Prel. |
June 2019
Prel. |
May 2019
Prel. |
April 2019
Prel. |
March 2019
Prel. |
| Total Construction |
|
1,288,794 |
1,286,997 |
1,303,427 |
1,298,547 |
1,282,205 |
| Residential |
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512,777 |
513,244 |
515,871 |
505,904 |
506,975 |
| Nonresidential |
|
776,017 |
773,753 |
787,557 |
792,643 |
775,231 |
| Lodging |
|
34,663 |
34,329 |
33,991 |
32,360 |
33,685 |
| Office |
|
78,943 |
78,950 |
78,246 |
78,217 |
77,426 |
| Commercial |
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82,552 |
83,064 |
81,965 |
85,573 |
86,074 |
| Health care |
|
44,761 |
42,791 |
42,933 |
43,098 |
42,128 |
| Educational |
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90,845 |
90,672 |
97,012 |
99,765 |
96,736 |
| Religious |
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2,622 |
2,751 |
2,832 |
2,852 |
2,973 |
| Public safety |
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10,500 |
9,901 |
10,048 |
9,930 |
9,539 |
| Amusement & recreation |
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27,802 |
27,766 |
27,644 |
27,162 |
27,065 |
| Transportation |
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56,179 |
56,787 |
57,979 |
55,476 |
52,737 |
| Power |
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99,518 |
98,430 |
100,045 |
100,179 |
100,986 |
| Highway & street |
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97,314 |
102,209 |
109,079 |
114,682 |
104,921 |
| Sewage & waste disposal |
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27,848 |
26,760 |
27,048 |
25,901 |
24,221 |
| Water supply |
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17,338 |
16,084 |
16,038 |
16,865 |
14,438 |
| Conservation & development |
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9,722 |
8,963 |
8,639 |
8,669 |
8,550 |
| Manufacturing |
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72,491 |
71,132 |
70,523 |
68,479 |
70,339 |
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| Total Private Construction
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506,743 |
507,231 |
509,690 |
499,320 |
500,926 |
| Residential |
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506,743 |
507,231 |
509,690 |
499,320 |
500,926 |
| New single family |
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268,138 |
263,582 |
265,392 |
264,747 |
263,153 |
| New multi-family |
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62,458 |
66,198 |
66,044 |
64,830 |
64,479 |
| Nonresidential |
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456,396 |
455,712 |
457,300 |
454,663 |
460,609 |
| Lodging |
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33,691 |
33,188 |
32,603 |
31,045 |
32,731 |
| Office |
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68,547 |
68,184 |
67,939 |
67,266 |
66,957 |
| Commercial |
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77,899 |
78,702 |
77,723 |
80,734 |
81,579 |
| Health care |
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35,691 |
34,300 |
34,146 |
33,418 |
33,803 |
| Educational |
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17,572 |
17,709 |
18,684 |
19,791 |
20,109 |
| Religious |
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2,622 |
2,751 |
2,832 |
2,852 |
2,973 |
| Amusement & recreation |
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13,951 |
14,597 |
14,576 |
14,416 |
14,622 |
| Transportation |
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16,234 |
18,443 |
19,505 |
18,433 |
17,788 |
| Communication |
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22,818 |
23,060 |
23,342 |
23,276 |
23,208 |
| Power |
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93,596 |
92,417 |
94,383 |
93,578 |
95,059 |
| Manufacturing |
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72,250 |
70,906 |
70,279 |
68,327 |
70,184 |
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| Total Public Construction |
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325,655 |
324,055 |
336,437 |
344,565 |
320,671 |
| Residential |
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6,035 |
6,013 |
6,180 |
6,584 |
6,049 |
| Nonresidential |
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319,621 |
318,041 |
330,257 |
337,980 |
314,622 |
| Office |
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10,396 |
10,766 |
10,307 |
10,951 |
10,469 |
| Commercial |
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4,653 |
4,362 |
4,241 |
4,839 |
4,495 |
| Health care |
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9,070 |
8,491 |
8,787 |
9,679 |
8,325 |
| Educational |
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73,273 |
72,963 |
78,328 |
79,974 |
76,627 |
| Public safety |
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10,269 |
9,682 |
9,834 |
9,737 |
9,382 |
| Amusement & recreation |
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13,850 |
13,170 |
13,069 |
12,747 |
12,443 |
| Transportation |
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39,944 |
38,344 |
38,474 |
37,043 |
34,949 |
| Power |
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5,922 |
6,013 |
5,661 |
6,600 |
5,927 |
| Highway & street |
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97,011 |
101,939 |
108,874 |
114,313 |
104,461 |
| Sewage & waste disposal |
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27,186 |
26,082 |
26,453 |
25,224 |
23,494 |
| Water supply |
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17,049 |
15,826 |
15,801 |
16,608 |
14,215 |
| Conservation & development |
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9,681 |
8,932 |
8,603 |
8,639 |
8,522 |
Construction Spending by Month and Category Year on Year Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( Y/Y in % ) |
July 2019
Prel. |
June 2019
Prel. |
May 2019
Prel. |
April 2019
Prel. |
March 2019
Prel. |
| Total Construction |
-2.17 % |
-2.11 % |
-2.16 % |
-0.9 % |
-0.2 % |
| Residential |
-8.39 % |
-8.04 % |
-10.7 % |
-10.21 % |
-6.77 % |
| Nonresidential |
2.42 % |
2.26 % |
4.38 % |
6.11 % |
4.63 % |
| Lodging |
11.45 % |
8.73 % |
6.82 % |
-0.15 % |
7 % |
| Office |
8.85 % |
8.87 % |
7.67 % |
4.49 % |
3.94 % |
| Commercial |
-10.48 % |
-10.67 % |
-11.64 % |
-5.84 % |
-5.49 % |
| Health care |
7.79 % |
2.09 % |
1.08 % |
3.73 % |
1.93 % |
Educational |
-1.28 % |
-0.69 % |
0.14 % |
3.8 % |
1.84 % |
| Religious |
-8.35 % |
-3.27 % |
-10.18 % |
-17.36 % |
-0.13 % |
| Public safety |
8.01 % |
4.92 % |
8.15 % |
6.92 % |
4.35 % |
| Amusement & recreation |
4.57 % |
4.43 % |
9.5 % |
5.91 % |
9.86 % |
Transportation |
3.94 % |
7.45 % |
13.39 % |
7.06 % |
2.91 % |
| Power |
-2.56 % |
-4.57 % |
-4.19 % |
2 % |
6.02 % |
| Highway & street |
-0.27 % |
6.54 % |
14.43 % |
30.09 % |
15.02 % |
| Sewage & waste disposal |
23.95 % |
18.74 % |
20.93 % |
24.86 % |
15.39 % |
Water supply |
13.68 % |
4.6 % |
12.3 % |
38.09 % |
21.43 % |
| Conservation & development |
7.44 % |
5.65 % |
9.15 % |
0.98 % |
-5.74 % |
Manufacturing |
13.03 % |
9.9 % |
17.55 % |
2.55 % |
4.86 % |
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| Total Private Construction
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-8.37 % |
-8.06 % |
-10.72 % |
-10.24 % |
-6.68 % |
| Residential |
-8.37 % |
-8.06 % |
-10.72 % |
-10.24 % |
-6.68 % |
| New single family |
-6.52 % |
-8.53 % |
-8.03 % |
-7.33 % |
-7.19 % |
| New multi-family |
4.86 % |
11.54 % |
7.19 % |
4.64 % |
9.41 % |
| Nonresidential |
0.55 % |
-0.45 % |
0.95 % |
-0.73 % |
2.2 % |
| Lodging |
11.9 % |
8.1 % |
6.36 % |
-0.17 % |
8.59 % |
| Office |
8.8 % |
8.7 % |
7.88 % |
3.48 % |
4.48 % |
| Commercial |
-12.16 % |
-11.96 % |
-13.2 % |
-7.29 % |
-6.26 % |
| Health care |
13.32 % |
5.72 % |
3.79 % |
4.93 % |
9.93 % |
| Educational |
-13.74 % |
-15.28 % |
-9.28 % |
-9.72 % |
-7.98 % |
| Religious |
-8.35 % |
-3.27 % |
-10.18 % |
-17.36 % |
-0.13 % |
| Amusement & recreation |
-5.01 % |
-0.61 % |
3.61 % |
0.64 % |
2.53 % |
| Transportation |
-8.07 % |
5.47 % |
16.23 % |
1.8 % |
-4.54 % |
| Communication |
-6.47 % |
-5.4 % |
-5.46 % |
-10.93 % |
-3.26 % |
| Power |
-2.36 % |
-4.86 % |
-3.12 % |
1.61 % |
5.62 % |
| Manufacturing |
13.36 % |
10.5 % |
18.12 % |
3.09 % |
5.74 % |
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| Total Public Construction |
4.87 % |
6.12 % |
9.14 % |
16.36 % |
7.88 % |
| Residential |
-10.22 % |
-7.01 % |
-8.76 % |
-7.72 % |
-13.88 % |
| Nonresidential |
5.21 % |
6.4 % |
9.55 % |
16.95 % |
8.41 % |
| Office |
9.19 % |
9.97 % |
6.31 % |
11.13 % |
0.61 % |
| Commercial |
31.63 % |
21.5 % |
31.67 % |
27.24 % |
10.99 % |
| Health care |
-9.6 % |
-10.33 % |
-8.22 % |
-0.23 % |
-21.31 % |
| Educational |
2.26 % |
3.64 % |
2.69 % |
7.79 % |
4.78 % |
Public safety |
7.59 % |
4.25 % |
6.87 % |
6.26 % |
3.52 % |
| Amusement & recreation |
16.38 % |
10.67 % |
16.91 % |
12.59 % |
19.93 % |
| Transportation |
9.76 % |
8.44 % |
12 % |
9.88 % |
7.16 % |
| Power |
-5.69 % |
-0.02 % |
-19.04 % |
7.79 % |
12.94 % |
Highway & street |
-0.32 % |
6.43 % |
14.45 % |
29.97 % |
14.8 % |
| Sewage & waste disposal |
23.04 % |
17.67 % |
19.79 % |
22.35 % |
12.69 % |
| Water supply |
13.4 % |
4.24 % |
11.65 % |
37.79 % |
20.94 % |
Conservation & development |
7.2 % |
5.53 % |
9.01 % |
1.04 % |
-5.73 % |
Construction Spending by Month and Category Month on Month Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( M/M in % ) |
July 2019
Prel. |
June 2019
Prel. |
May 2019
Prel. |
April 2019
Prel. |
March 2019
Prel. |
| Total Construction |
0.14 % |
-1.26 % |
0.38 % |
1.27 % |
-2.89 % |
| Residential |
-0.09 % |
-0.51 % |
1.97 % |
-0.21 % |
-7.24 % |
| Nonresidential |
0.29 % |
-1.75 % |
-0.64 % |
2.25 % |
0.19 % |
| Lodging |
0.97 % |
0.99 % |
5.04 % |
-3.93 % |
0.72 % |
| Office |
-0.01 % |
0.9 % |
0.04 % |
1.02 % |
2.38 % |
| Commercial |
-0.62 % |
1.34 % |
-4.22 % |
-0.58 % |
-1.98 % |
| Health care |
4.6 % |
-0.33 % |
-0.38 % |
2.3 % |
1.68 % |
Educational |
0.19 % |
-6.54 % |
-2.76 % |
3.13 % |
0.28 % |
| Religious |
-4.69 % |
-2.86 % |
-0.7 % |
-4.07 % |
-3.69 % |
| Public safety |
6.05 % |
-1.46 % |
1.19 % |
4.1 % |
2.15 % |
| Amusement & recreation |
0.13 % |
0.44 % |
1.77 % |
0.36 % |
-1 % |
Transportation |
-1.07 % |
-2.06 % |
4.51 % |
5.19 % |
0.12 % |
| Power |
1.11 % |
-1.61 % |
-0.13 % |
-0.8 % |
2.57 % |
| Highway & street |
-4.79 % |
-6.3 % |
-4.89 % |
9.3 % |
-5.89 % |
| Sewage & waste disposal |
4.07 % |
-1.06 % |
4.43 % |
6.94 % |
2.38 % |
Water supply |
7.8 % |
0.29 % |
-4.9 % |
16.81 % |
-0.2 % |
| Conservation & development |
8.47 % |
3.75 % |
-0.35 % |
1.39 % |
-0.07 % |
Manufacturing |
1.91 % |
0.86 % |
2.98 % |
-2.64 % |
5.39 % |
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| Total Private Construction
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-0.1 % |
-0.48 % |
2.08 % |
-0.32 % |
-7.39 % |
| Residential |
-0.1 % |
-0.48 % |
2.08 % |
-0.32 % |
-7.39 % |
| New single family |
1.73 % |
-0.68 % |
0.24 % |
0.61 % |
-1.51 % |
| New multi-family |
-5.65 % |
0.23 % |
1.87 % |
0.54 % |
-1.22 % |
| Nonresidential |
0.15 % |
-0.35 % |
0.58 % |
-1.29 % |
1.54 % |
| Lodging |
1.52 % |
1.79 % |
5.02 % |
-5.15 % |
1.8 % |
| Office |
0.53 % |
0.36 % |
1 % |
0.46 % |
1.76 % |
| Commercial |
-1.02 % |
1.26 % |
-3.73 % |
-1.04 % |
-2.48 % |
| Health care |
4.06 % |
0.45 % |
2.18 % |
-1.14 % |
1.97 % |
| Educational |
-0.77 % |
-5.22 % |
-5.59 % |
-1.58 % |
-0.14 % |
| Religious |
-4.69 % |
-2.86 % |
-0.7 % |
-4.07 % |
-3.69 % |
| Amusement & recreation |
-4.43 % |
0.14 % |
1.11 % |
-1.41 % |
1.63 % |
| Transportation |
-11.98 % |
-5.44 % |
5.82 % |
3.63 % |
-0.43 % |
| Communication |
-1.05 % |
-1.21 % |
0.28 % |
0.29 % |
0.7 % |
| Power |
1.28 % |
-2.08 % |
0.86 % |
-1.56 % |
3.01 % |
| Manufacturing |
1.9 % |
0.89 % |
2.86 % |
-2.65 % |
5.36 % |
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| Total Public Construction |
0.49 % |
-3.68 % |
-2.36 % |
7.45 % |
-1.56 % |
| Residential |
0.37 % |
-2.7 % |
-6.14 % |
8.84 % |
7.02 % |
| Nonresidential |
0.5 % |
-3.7 % |
-2.29 % |
7.42 % |
-1.72 % |
| Office |
-3.44 % |
4.45 % |
-5.88 % |
4.6 % |
6.51 % |
| Commercial |
6.67 % |
2.85 % |
-12.36 % |
7.65 % |
8.16 % |
| Health care |
6.82 % |
-3.37 % |
-9.22 % |
16.26 % |
0.49 % |
| Educational |
0.42 % |
-6.85 % |
-2.06 % |
4.37 % |
0.39 % |
Public safety |
6.06 % |
-1.55 % |
1 % |
3.78 % |
2.95 % |
| Amusement & recreation |
5.16 % |
0.77 % |
2.53 % |
2.44 % |
-3.92 % |
| Transportation |
4.17 % |
-0.34 % |
3.86 % |
5.99 % |
0.41 % |
| Power |
-1.51 % |
6.22 % |
-14.23 % |
11.35 % |
-4.02 % |
Highway & street |
-4.83 % |
-6.37 % |
-4.76 % |
9.43 % |
-6.02 % |
| Sewage & waste disposal |
4.23 % |
-1.4 % |
4.87 % |
7.36 % |
2.17 % |
| Water supply |
7.73 % |
0.16 % |
-4.86 % |
16.83 % |
-0.18 % |
Conservation & development |
8.39 % |
3.82 % |
-0.42 % |
1.37 % |
-0.13 % |
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