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Construction spending accelerate in January
Construction Spending
The rate of growth in construction outlays accelerated due to increase in soaring construction spending for highways and streets by 5.4 %.
Spending on construction projects increased in January on the seasonally adjusted basis by 1.8 %, 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.
Improving rate in construction spending growth is good news, as increase in longterm investments show growing optimism.
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Construction spending grew by 4.7 % over the past 12 months, as the private construction outlays grew less than total construction.
Private construction outlays grew by 2.1 % on the seasonally adjusted basis, led by increases of nonresidential outlays at transportation projects, power projects. Outlays for amusement and recreation projects deteriorated.
Spending on private construction projects represents 40.52 % of total construction outlays.
Over the past 12 months, spending on private construction projects has climbed by 3.3 %.
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| Public Construction Spending
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December outlays for U.S. construction projects were revised to $1345.5 billion to show 0.2 % growth.
Public construction outlays grew by 2.6 % more then double the rate, of total construction growth on the seasonally adjusted basis.
Spending on public construction projects represents 25.31 % of total construction outlays.
From the same month a year ago, public construction outlays jumped by 10.2 %.
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Construction Spending Seasonally Adjusted
( in millions $) Annual Rate |
Jan. 2020
Prel. |
Dec. 2019
Rest. |
Nov. 2019
Prel. |
Oct. 2019
Rest. |
Sep. 2019
Prel. |
| Total Construction |
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1,369,223 |
1,345,467 |
1,342,490 |
1,316,764 |
1,293,614 |
| Residential |
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562,273 |
551,028 |
542,838 |
533,414 |
517,977 |
| Nonresidential |
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806,950 |
794,439 |
799,653 |
783,351 |
775,637 |
| Lodging |
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30,615 |
31,815 |
32,390 |
33,132 |
33,253 |
| Office |
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80,298 |
80,048 |
80,318 |
80,059 |
79,778 |
| Commercial |
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88,340 |
87,061 |
87,935 |
84,071 |
81,957 |
| Health care |
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44,097 |
44,263 |
44,322 |
43,691 |
43,605 |
| Educational |
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98,287 |
98,534 |
99,886 |
102,433 |
97,183 |
| Religious |
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3,014 |
2,916 |
3,136 |
2,905 |
2,659 |
| Public safety |
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10,946 |
10,878 |
10,809 |
11,093 |
10,289 |
| Amusement & recreation |
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27,268 |
27,354 |
27,908 |
27,039 |
27,170 |
| Transportation |
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56,656 |
55,028 |
55,087 |
54,976 |
55,564 |
| Power |
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106,672 |
103,614 |
102,781 |
98,359 |
95,581 |
| Highway & street |
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104,252 |
98,890 |
95,578 |
94,699 |
98,263 |
| Sewage & waste disposal |
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27,022 |
26,689 |
26,525 |
27,142 |
27,303 |
| Water supply |
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18,200 |
18,019 |
18,253 |
17,628 |
17,839 |
| Conservation & development |
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10,940 |
9,934 |
9,795 |
9,770 |
9,171 |
| Manufacturing |
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76,727 |
75,658 |
81,441 |
73,262 |
72,502 |
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| Total Private Construction
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554,785 |
543,578 |
535,764 |
526,349 |
511,419 |
| Residential |
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554,785 |
543,578 |
535,764 |
526,349 |
511,419 |
| New single family |
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297,787 |
289,608 |
281,739 |
277,460 |
274,612 |
| New multi-family |
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57,253 |
57,268 |
58,659 |
59,101 |
61,533 |
| Nonresidential |
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467,953 |
464,066 |
470,988 |
454,729 |
450,251 |
| Lodging |
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29,481 |
30,605 |
31,025 |
31,914 |
32,366 |
| Office |
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68,870 |
68,771 |
68,626 |
68,834 |
69,022 |
| Commercial |
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84,112 |
82,929 |
84,101 |
79,515 |
77,415 |
| Health care |
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35,363 |
35,245 |
35,257 |
34,924 |
34,502 |
| Educational |
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16,803 |
17,602 |
18,176 |
18,450 |
18,318 |
| Religious |
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3,014 |
2,916 |
3,136 |
2,905 |
2,659 |
| Amusement & recreation |
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12,966 |
13,273 |
13,763 |
13,308 |
13,429 |
| Transportation |
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16,836 |
16,319 |
16,151 |
16,339 |
16,505 |
| Communication |
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23,530 |
23,611 |
23,378 |
22,997 |
23,416 |
| Power |
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99,192 |
95,967 |
94,826 |
91,140 |
88,944 |
| Manufacturing |
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76,447 |
75,427 |
81,076 |
72,933 |
72,290 |
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| Total Public Construction |
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346,486 |
337,823 |
335,738 |
335,687 |
331,944 |
| Residential |
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7,488 |
7,450 |
7,074 |
7,065 |
6,558 |
| Nonresidential |
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338,998 |
330,373 |
328,665 |
328,622 |
325,386 |
| Office |
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11,428 |
11,276 |
11,692 |
11,225 |
10,756 |
| Commercial |
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4,229 |
4,132 |
3,834 |
4,557 |
4,542 |
| Health care |
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8,734 |
9,019 |
9,064 |
8,767 |
9,103 |
| Educational |
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81,485 |
80,931 |
81,710 |
83,982 |
78,864 |
| Public safety |
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10,827 |
10,735 |
10,670 |
10,964 |
10,078 |
| Amusement & recreation |
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14,302 |
14,081 |
14,145 |
13,731 |
13,741 |
| Transportation |
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39,820 |
38,710 |
38,937 |
38,637 |
39,059 |
| Power |
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7,480 |
7,646 |
7,955 |
7,219 |
6,638 |
| Highway & street |
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103,931 |
98,562 |
95,277 |
94,315 |
97,982 |
| Sewage & waste disposal |
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26,488 |
26,144 |
25,963 |
26,558 |
26,732 |
| Water supply |
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17,906 |
17,721 |
17,885 |
17,334 |
17,560 |
| Conservation & development |
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10,868 |
9,850 |
9,695 |
9,691 |
9,129 |
Construction Spending by Month and Category Year on Year Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( Y/Y in % ) |
Jan. 2020
Prel. |
Dec. 2019
Rest. |
Nov. 2019
Prel. |
Oct. 2019
Rest. |
Sep. 2019
Prel. |
| Total Construction |
4.73 % |
4.08 % |
3.28 % |
0.6 % |
-2.7 % |
| Residential |
3.62 % |
1.63 % |
-1.01 % |
-2.14 % |
-7.89 % |
| Nonresidential |
5.52 % |
5.85 % |
6.41 % |
2.56 % |
1.11 % |
| Lodging |
-8.48 % |
-5.25 % |
-3.2 % |
-3.5 % |
-0.11 % |
| Office |
5.99 % |
6.97 % |
7.94 % |
5.31 % |
8.8 % |
| Commercial |
-0.5 % |
1.01 % |
0.54 % |
-5.2 % |
-10.59 % |
| Health care |
5.1 % |
7.02 % |
8.07 % |
3.04 % |
2.46 % |
Educational |
1.57 % |
0.07 % |
1.19 % |
3.58 % |
0.73 % |
| Religious |
-6.22 % |
-3.7 % |
1.98 % |
-1.86 % |
-8.22 % |
| Public safety |
20.82 % |
16.53 % |
13.95 % |
16.19 % |
7.89 % |
| Amusement & recreation |
0.5 % |
0.98 % |
1 % |
-3.01 % |
-2.95 % |
Transportation |
3.52 % |
3.65 % |
3.9 % |
2.84 % |
3.53 % |
| Power |
9.18 % |
4.83 % |
4.51 % |
-1 % |
-5.89 % |
| Highway & street |
2.49 % |
10.51 % |
2.06 % |
-0.1 % |
3.08 % |
| Sewage & waste disposal |
19.94 % |
20.99 % |
19.91 % |
22.14 % |
22.69 % |
Water supply |
32.29 % |
38.17 % |
37.86 % |
24.45 % |
20.4 % |
| Conservation & development |
27.97 % |
33.04 % |
24.82 % |
20.54 % |
-3.25 % |
Manufacturing |
15.95 % |
11.71 % |
26.22 % |
9.18 % |
6.31 % |
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| Total Private Construction
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3.32 % |
1.29 % |
-1.25 % |
-2.34 % |
-8.09 % |
| Residential |
3.32 % |
1.29 % |
-1.25 % |
-2.34 % |
-8.09 % |
| New single family |
10.24 % |
8.29 % |
1.52 % |
-1.82 % |
-3.05 % |
| New multi-family |
-12.67 % |
-12.23 % |
-9.38 % |
-4.73 % |
-4.2 % |
| Nonresidential |
2.62 % |
2.1 % |
4.47 % |
-1.09 % |
-2.95 % |
| Lodging |
-8.18 % |
-4.86 % |
-2.6 % |
-3.14 % |
1.16 % |
| Office |
4.27 % |
6 % |
5.42 % |
3.61 % |
7.41 % |
| Commercial |
-0.27 % |
0.99 % |
0.36 % |
-6.14 % |
-12.15 % |
| Health care |
7 % |
7.7 % |
12.25 % |
6.2 % |
3.59 % |
| Educational |
-20.2 % |
-16.02 % |
-17.51 % |
-16.09 % |
-16.39 % |
| Religious |
-6.22 % |
-3.7 % |
3.57 % |
-1.32 % |
-8.22 % |
| Amusement & recreation |
-10.55 % |
-9.11 % |
-7.83 % |
-11.32 % |
-12.42 % |
| Transportation |
-12.33 % |
-6.8 % |
-8.62 % |
-6.86 % |
-7.94 % |
| Communication |
0.94 % |
-4.66 % |
0.39 % |
-2.76 % |
-1.68 % |
| Power |
8.11 % |
3.39 % |
2.79 % |
-2.67 % |
-6.89 % |
| Manufacturing |
15.78 % |
11.61 % |
25.98 % |
9.23 % |
6.66 % |
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| Total Public Construction |
10.21 % |
12.03 % |
9.54 % |
8.23 % |
7.39 % |
| Residential |
31.65 % |
34.91 % |
21.01 % |
15.67 % |
11.21 % |
| Nonresidential |
9.82 % |
11.6 % |
9.31 % |
8.08 % |
7.32 % |
| Office |
17.72 % |
13.28 % |
25.59 % |
17.07 % |
18.72 % |
| Commercial |
-4.88 % |
1.57 % |
4.81 % |
14.73 % |
28.2 % |
| Health care |
-1.94 % |
4.46 % |
-5.6 % |
-7.87 % |
-1.58 % |
| Educational |
7.63 % |
4.42 % |
6.57 % |
9.21 % |
5.77 % |
Public safety |
22.48 % |
17.17 % |
14.23 % |
16.44 % |
7.32 % |
| Amusement & recreation |
13.17 % |
12.8 % |
11.4 % |
6.68 % |
8.5 % |
| Transportation |
12.09 % |
8.8 % |
10.16 % |
7.58 % |
9.29 % |
| Power |
25.74 % |
26.97 % |
30.47 % |
26.25 % |
9.94 % |
Highway & street |
2.43 % |
10.61 % |
2.03 % |
-0.25 % |
2.95 % |
| Sewage & waste disposal |
21.18 % |
21.9 % |
19.94 % |
22.51 % |
23.12 % |
| Water supply |
32.23 % |
37.85 % |
37.22 % |
24.89 % |
20.19 % |
Conservation & development |
28.07 % |
32.16 % |
23.79 % |
19.82 % |
-3.51 % |
Construction Spending by Month and Category Month on Month Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( M/M in % ) |
Jan. 2020
Prel. |
Dec. 2019
Rest. |
Nov. 2019
Prel. |
Oct. 2019
Rest. |
Sep. 2019
Prel. |
| Total Construction |
1.77 % |
0.22 % |
1.95 % |
1.79 % |
0.51 % |
| Residential |
2.04 % |
1.51 % |
1.77 % |
2.98 % |
0.57 % |
| Nonresidential |
1.57 % |
-0.65 % |
2.08 % |
0.99 % |
0.47 % |
| Lodging |
-3.77 % |
-1.78 % |
-2.24 % |
-0.36 % |
-1.23 % |
| Office |
0.31 % |
-0.34 % |
0.32 % |
0.35 % |
0.28 % |
| Commercial |
1.47 % |
-0.99 % |
4.6 % |
2.58 % |
-0.62 % |
| Health care |
-0.38 % |
-0.13 % |
1.44 % |
0.2 % |
0.73 % |
Educational |
-0.25 % |
-1.35 % |
-2.49 % |
5.4 % |
2.8 % |
| Religious |
3.36 % |
-7.02 % |
7.95 % |
9.25 % |
-2.21 % |
| Public safety |
0.63 % |
0.64 % |
-2.56 % |
7.81 % |
-1.9 % |
| Amusement & recreation |
-0.31 % |
-1.99 % |
3.21 % |
-0.48 % |
-3.6 % |
Transportation |
2.96 % |
-0.11 % |
0.2 % |
-1.06 % |
-0.16 % |
| Power |
2.95 % |
0.81 % |
4.5 % |
2.91 % |
-1.23 % |
| Highway & street |
5.42 % |
3.47 % |
0.93 % |
-3.63 % |
2.61 % |
| Sewage & waste disposal |
1.25 % |
0.62 % |
-2.27 % |
-0.59 % |
0.39 % |
Water supply |
1 % |
-1.28 % |
3.55 % |
-1.18 % |
5.52 % |
| Conservation & development |
10.13 % |
1.42 % |
0.26 % |
6.53 % |
-2.49 % |
Manufacturing |
1.41 % |
-7.1 % |
11.16 % |
1.05 % |
1.17 % |
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| Total Private Construction
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2.06 % |
1.46 % |
1.79 % |
2.92 % |
0.58 % |
| Residential |
2.06 % |
1.46 % |
1.79 % |
2.92 % |
0.58 % |
| New single family |
2.82 % |
2.79 % |
1.54 % |
1.04 % |
1.29 % |
| New multi-family |
-0.03 % |
-2.37 % |
-0.75 % |
-3.95 % |
-0.74 % |
| Nonresidential |
0.84 % |
-1.47 % |
3.58 % |
0.99 % |
-0.26 % |
| Lodging |
-3.67 % |
-1.35 % |
-2.79 % |
-1.4 % |
-1.27 % |
| Office |
0.14 % |
0.21 % |
-0.3 % |
-0.27 % |
0.32 % |
| Commercial |
1.43 % |
-1.39 % |
5.77 % |
2.71 % |
-0.79 % |
| Health care |
0.33 % |
-0.03 % |
0.95 % |
1.22 % |
0.82 % |
| Educational |
-4.54 % |
-3.16 % |
-1.49 % |
0.72 % |
1.36 % |
| Religious |
3.36 % |
-7.02 % |
7.95 % |
9.25 % |
-2.21 % |
| Amusement & recreation |
-2.31 % |
-3.56 % |
3.42 % |
-0.9 % |
-2.36 % |
| Transportation |
3.17 % |
1.04 % |
-1.15 % |
-1.01 % |
0.67 % |
| Communication |
-0.34 % |
1 % |
1.66 % |
-1.79 % |
-0.86 % |
| Power |
3.36 % |
1.2 % |
4.04 % |
2.47 % |
-1.39 % |
| Manufacturing |
1.35 % |
-6.97 % |
11.17 % |
0.89 % |
1.23 % |
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| Total Public Construction |
2.56 % |
0.62 % |
0.02 % |
1.13 % |
1.45 % |
| Residential |
0.51 % |
5.32 % |
0.13 % |
7.73 % |
-0.71 % |
| Nonresidential |
2.61 % |
0.52 % |
0.01 % |
0.99 % |
1.5 % |
| Office |
1.35 % |
-3.56 % |
4.16 % |
4.36 % |
0.03 % |
| Commercial |
2.35 % |
7.77 % |
-15.87 % |
0.33 % |
2.37 % |
| Health care |
-3.16 % |
-0.5 % |
3.39 % |
-3.69 % |
0.36 % |
| Educational |
0.68 % |
-0.95 % |
-2.71 % |
6.49 % |
3.15 % |
Public safety |
0.86 % |
0.61 % |
-2.68 % |
8.79 % |
-1.64 % |
| Amusement & recreation |
1.57 % |
-0.45 % |
3.02 % |
-0.07 % |
-4.78 % |
| Transportation |
2.87 % |
-0.58 % |
0.78 % |
-1.08 % |
-0.51 % |
| Power |
-2.17 % |
-3.88 % |
10.2 % |
8.75 % |
0.99 % |
Highway & street |
5.45 % |
3.45 % |
1.02 % |
-3.74 % |
2.62 % |
| Sewage & waste disposal |
1.32 % |
0.7 % |
-2.24 % |
-0.65 % |
0.32 % |
| Water supply |
1.04 % |
-0.92 % |
3.18 % |
-1.29 % |
5.64 % |
Conservation & development |
10.34 % |
1.6 % |
0.04 % |
6.16 % |
-2.41 % |
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