CSIMarket Company Name, Ticker, Customers, else..
 


Outlays for U.S. construction projects sped up in April 2023

Construction Spending

 Modified 2023-06-05T15:08:34+00:00
Goran Soko / CSIMarket.com Contributer

Construction spending increased on the faster pace again, as willingness of investors to spend increase.
In April 2023 spending on construction projects grew by 4 % on the seasonally adjusted basis. Growth of nonresidential construction in the last month, shows pick up of investments in commercial and infrastructure projects.

The construction spending is often viewed as an investment indicator as long-term investments tend to increase in positive economic environment.

Construction Spending (Picture Autor: Badseed) licence GNU

From the same month a year ago, construction spending jumped by 9.4 % as the private construction outlays grew less than total construction.
Private construction outlays grew by 2.1 % and accelerated on the seasonally adjusted basis, nonresidential construction was boosted by higher spending for commercial buildings, health care and educational projects. Construction spending for office buildings declined.
Spending on private construction projects represents 44.3 % of total construction outlays.
Outlays for private construction projects dropped by -5.2 % from April 2022.
  M/M Y/Y
•  Commercial 2.86% 26.00 %
•  Office -0.06% 14.79 %
•  Transportation 1.28% 12.52 %
•  Power 0.31% -1.83%
•  Manufacturing 28.40% 95.32 %
•  Lodging 5.61% 36.43 %



     
Public Construction Spending

Spending on public construction has climbed despite decline in residential construction, which fell by -0.86 %, by 2 % on the seasonally adjusted basis, outlays for nonresidential construction increased above average for educational, power, highway and street projects. Construction spending for office buildings declined.
Spending on private construction projects represents 44.3 % of total construction outlays.
From the same month a year ago, public construction outlays jumped by 16.4 %.



Construction Spending Seasonally Adjusted
( in millions $) Annual Rate		 April 2023

Prel.		 March 2023

Prel.		 Feb. 2023

Rest.		 Jan. 2023

Prel.		 Dec. 2022

Prel.
Total Construction
1,908,378 1,834,692 1,829,580 1,835,483 1,809,785
Residential
855,206 837,547 838,897 851,235 866,300
Nonresidential
1,053,171 997,145 990,683 984,247 943,485
Lodging
23,624 22,370 22,281 22,481 21,526
Office
97,183 97,242 97,166 96,792 92,039
Commercial
128,990 125,407 126,411 127,946 126,654
Health care
58,231 56,592 56,606 56,665 54,823
Educational
110,168 108,244 107,357 107,527 104,094
Religious
3,159 2,947 3,072 3,087 2,665
Public safety
11,627 11,393 11,765 11,092 11,468
Amusement & recreation
29,701 29,258 29,206 29,103 28,701
Transportation
62,073 61,287 62,181 62,163 60,165
Power
114,012 113,655 114,074 112,288 107,557
Highway & street
125,438 122,548 122,658 121,642 118,175
Sewage & waste disposal
37,566 37,621 37,298 35,234 34,107
Water supply
25,396 24,628 24,226 23,983 24,121
Conservation & development
11,807 11,715 10,435 10,410 9,776
Manufacturing
189,282 147,416 140,955 138,836 122,656
             
Total Private Construction
845,441 827,696 829,121 841,566 857,150
Residential
845,441 827,696 829,121 841,566 857,150
New single family
362,398 366,325 369,170 375,339 384,437
New multi-family
125,571 123,245 122,811 122,233 120,315
Nonresidential
655,273 607,355 601,631 599,529 569,978
Lodging
23,261 22,046 21,977 22,246 21,112
Office
83,993 84,316 84,061 83,705 79,455
Commercial
124,567 121,005 122,040 123,613 122,436
Health care
46,082 44,840 44,575 44,742 43,386
Educational
21,821 21,346 21,029 21,252 19,901
Religious
3,159 2,947 3,072 3,087 2,665
Amusement & recreation
15,119 14,904 14,841 14,885 14,476
Transportation
19,221 19,240 19,449 19,341 18,678
Communication
24,662 24,662 24,795 24,814 24,834
Power
101,720 102,084 102,403 100,642 97,996
Manufacturing
188,957 146,989 140,579 138,441 122,172
             
Total Public Construction
407,664 399,640 398,829 394,388 382,658
Residential
9,766 9,851 9,776 9,670 9,150
Nonresidential
397,899 389,789 389,052 384,718 373,508
Office
13,190 12,926 13,106 13,087 12,584
Commercial
4,423 4,402 4,371 4,333 4,219
Health care
12,150 11,752 12,031 11,923 11,436
Educational
88,347 86,898 86,328 86,275 84,193
Public safety
11,409 11,184 11,563 10,876 11,246
Amusement & recreation
14,582 14,354 14,365 14,219 14,226
Transportation
42,852 42,048 42,732 42,822 41,487
Power
12,292 11,572 11,671 11,646 9,561
Highway & street
124,748 121,708 121,783 120,704 117,290
Sewage & waste disposal
36,505 36,572 36,317 34,466 33,226
Water supply
24,694 23,787 23,521 23,195 23,372
Conservation & development
11,765 11,676 10,387 10,360 9,646



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




Construction Spending Seasonally Adjusted
Annuall Rate ( Y/Y in % )		 April 2023
 March 2023
 Feb. 2023
 Jan. 2023
 Dec. 2022
Total Construction 9.38 % 6.02 % 5.84 % 9.43 % 9.3 %
Residential -5.02 % -6.03 % -4.93 % 1.54 % 4.67 %
Nonresidential 24.73 % 18.82 % 17.08 % 17.33 % 13.92 %
Lodging 36.43 % 31.61 % 31.68 % 24.89 % 18.83 %
Office 14.79 % 14.97 % 14.69 % 14.32 % 9.05 %
Commercial 26 % 27.57 % 26.19 % 30.32 % 28.53 %
Health care 16.14 % 12.35 % 11.03 % 10.72 % 7.87 %
Educational 12.39 % 9.84 % 7.92 % 9.28 % 5.71 %
Religious 19.3 % 6.74 % 7.23 % 6.89 % -10.81 %
Public safety 11.7 % 7.46 % 12.71 % 8.73 % 14.13 %
Amusement & recreation 13.67 % 13.54 % 10.93 % 11.75 % 10.35 %
Transportation 12.52 % 8.7 % 9.93 % 9.29 % 7.43 %
Power -1.83 % -3.32 % -3.95 % -4.03 % -6.04 %
Highway & street 20.53 % 17.94 % 17.54 % 14.62 % 11.17 %
Sewage & waste disposal 24.27 % 29.08 % 28.98 % 28.39 % 25.36 %
Water supply 32.19 % 27.03 % 23.52 % 29.67 % 26.99 %
Conservation & development 30.77 % 36.24 % 27.18 % 24.4 % 26.01 %
Manufacturing 95.32 % 56.01 % 46.74 % 48.93 % 42.56 %
           
Total Private Construction -5.17 % -6.16 % -5.05 % 1.47 % 4.66 %
Residential -5.17 % -6.16 % -5.05 % 1.47 % 4.66 %
New single family -24.13 % -22.51 % -20.9 % -15.67 % -12.56 %
New multi-family 22.84 % 21.88 % 20.84 % 20.46 % 18.51 %
Nonresidential 30.22 % 22.05 % 19.45 % 20.59 % 16.75 %
Lodging 37.12 % 32.38 % 32.52 % 26.1 % 18.87 %
Office 14.83 % 16.08 % 15.71 % 15.42 % 9.44 %
Commercial 25.77 % 27.63 % 26.26 % 30.48 % 28.59 %
Health care 16.95 % 14.87 % 12.03 % 12.27 % 8.13 %
Educational 18.13 % 17.31 % 13.86 % 21.75 % 13.66 %
Religious 19.3 % 6.74 % 7.23 % 7 % -10.75 %
Amusement & recreation 17.97 % 18.69 % 15.97 % 19.15 % 14.91 %
Transportation 33.16 % 23.7 % 25.15 % 24.6 % 22.12 %
Communication 13.16 % 13.71 % 14.43 % 14.15 % 13.88 %
Power -4.27 % -5.24 % -6.08 % -6.34 % -6.38 %
Manufacturing 96.09 % 56.19 % 46.99 % 49.08 % 42.74 %
           
Total Public Construction 16.45 % 13.92 % 13.4 % 12.46 % 9.74 %
Residential 9.41 % 6.66 % 6.35 % 7.76 % 5.61 %
Nonresidential 16.63 % 14.11 % 13.59 % 12.58 % 9.84 %
Office 14.55 % 8.24 % 8.51 % 7.75 % 6.63 %
Commercial 32.78 % 25.7 % 24.11 % 26.07 % 26.93 %
Health care 13.19 % 3.71 % 7.49 % 5.26 % 6.91 %
Educational 11.06 % 8.15 % 6.57 % 6.59 % 3.99 %
Public safety 10.05 % 6.29 % 11.57 % 7.37 % 13.1 %
Amusement & recreation 9.53 % 8.64 % 6.16 % 4.94 % 6.09 %
Transportation 5.21 % 2.99 % 4.16 % 3.55 % 1.91 %
Power 24.31 % 17.76 % 19.9 % 22 % -2.49 %
Highway & street 20.66 % 18.01 % 17.63 % 14.58 % 11.21 %
Sewage & waste disposal 23.04 % 27.33 % 27.5 % 27.73 % 23.92 %
Water supply 32.27 % 26.37 % 23.62 % 29.75 % 27.1 %
Conservation & development 30.98 % 36.51 % 27.23 % 24.82 % 25.89 %



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




Construction Spending Seasonally Adjusted
Annuall Rate ( M/M in % )		 April 2023
 March 2023
 Feb. 2023
 Jan. 2023
 Dec. 2022
Total Construction 4.02 % 0.28 % -0.32 % 1.42 % -0.41 %
Residential 2.11 % -0.16 % -1.45 % -1.74 % -0.33 %
Nonresidential 5.62 % 0.65 % 0.65 % 4.32 % -0.49 %
Lodging 5.61 % 0.4 % -0.89 % 4.44 % -0.26 %
Office -0.06 % 0.08 % 0.39 % 5.16 % -0.47 %
Commercial 2.86 % -0.79 % -1.2 % 1.02 % 0.46 %
Health care 2.9 % -0.02 % -0.1 % 3.36 % -1.4 %
Educational 1.78 % 0.83 % -0.16 % 3.3 % -0.68 %
Religious 7.19 % -4.07 % -0.49 % 15.83 % -5.4 %
Public safety 2.05 % -3.16 % 6.07 % -3.28 % -3.04 %
Amusement & recreation 1.51 % 0.18 % 0.35 % 1.4 % -0.29 %
Transportation 1.28 % -1.44 % 0.03 % 3.32 % 0.34 %
Power 0.31 % -0.37 % 1.59 % 4.4 % 0.32 %
Highway & street 2.36 % -0.09 % 0.84 % 2.93 % 1.06 %
Sewage & waste disposal -0.15 % 0.87 % 5.86 % 3.3 % 0.4 %
Water supply 3.12 % 1.66 % 1.01 % -0.57 % -2.32 %
Conservation & development 0.79 % 12.27 % 0.24 % 6.49 % -11.85 %
Manufacturing 28.4 % 4.58 % 1.53 % 13.19 % -2.25 %
           
Total Private Construction 2.14 % -0.17 % -1.48 % -1.82 % -0.33 %
Residential 2.14 % -0.17 % -1.48 % -1.82 % -0.33 %
New single family -1.07 % -0.77 % -1.64 % -2.37 % -2.28 %
New multi-family 1.89 % 0.35 % 0.47 % 1.59 % 3.22 %
Nonresidential 7.89 % 0.95 % 0.35 % 5.18 % -0.51 %
Lodging 5.51 % 0.31 % -1.21 % 5.37 % -0.32 %
Office -0.38 % 0.3 % 0.43 % 5.35 % 0.03 %
Commercial 2.94 % -0.85 % -1.27 % 0.96 % 0.39 %
Health care 2.77 % 0.59 % -0.37 % 3.13 % -1.05 %
Educational 2.23 % 1.51 % -1.05 % 6.79 % -2.36 %
Religious 7.19 % -4.07 % -0.49 % 15.83 % -5.4 %
Amusement & recreation 1.44 % 0.42 % -0.3 % 2.83 % -1.05 %
Transportation -0.1 % -1.07 % 0.56 % 3.55 % 0.59 %
Communication 0 % -0.54 % -0.08 % -0.08 % 0.68 %
Power -0.36 % -0.31 % 1.75 % 2.7 % 0.53 %
Manufacturing 28.55 % 4.56 % 1.54 % 13.32 % -2.25 %
           
Total Public Construction 2.01 % 0.2 % 1.13 % 3.07 % -0.45 %
Residential -0.86 % 0.77 % 1.1 % 5.68 % -0.54 %
Nonresidential 2.08 % 0.19 % 1.13 % 3 % -0.44 %
Office 2.04 % -1.37 % 0.15 % 4 % -3.49 %
Commercial 0.48 % 0.71 % 0.88 % 2.7 % 2.73 %
Health care 3.39 % -2.32 % 0.91 % 4.26 % -2.71 %
Educational 1.67 % 0.66 % 0.06 % 2.47 % -0.28 %
Public safety 2.01 % -3.28 % 6.32 % -3.29 % -3.04 %
Amusement & recreation 1.59 % -0.08 % 1.03 % -0.05 % 0.49 %
Transportation 1.91 % -1.6 % -0.21 % 3.22 % 0.22 %
Power 6.22 % -0.85 % 0.21 % 21.81 % -1.83 %
Highway & street 2.5 % -0.06 % 0.89 % 2.91 % 1.12 %
Sewage & waste disposal -0.18 % 0.7 % 5.37 % 3.73 % 0.38 %
Water supply 3.81 % 1.13 % 1.41 % -0.76 % -2.12 %
Conservation & development 0.76 % 12.41 % 0.26 % 7.4 % -12.02 %

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




Help

About us

Advertise
CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2023 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071