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Construction spending fell in March by -2.9 %
Construction Spending
Construction spending decreased after recent increase in February, as decline in residential construction offset an increase in nonresidential construction.
Construction spending fell by -2.9 % in March to annual rate at $1282.2 billion on the seasonally adjusted basis, reported by the Commerce Department. Since construction outlays are one of the important sources of domestic growth, flat or declining construction spending is generally a negative sign.
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Over the past 12 months, mainly because of retreating residential construction outlays by -6.8 %, U.S. construction spending decreased by -0.2 %.
The construction of private projects dropped smaller than total construction outlays by -7.4 % on the seasonally adjusted basis. Outlays for private construction projects dropped by -6.7 % from March 2018.
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| Public Construction Spending
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Public construction outlays decreased by -1.6 % on the seasonally adjusted basis.
Growth in public construction spending is very volatile and often it does not reflect current economic contidions.
Over the last 12 months, public construction outlays soared by 7.9 %.
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Construction Spending Seasonally Adjusted
( in millions $) Annual Rate |
March 2019
Prel. |
Feb. 2019
Prel. |
Jan. 2019
Rest. |
Dec. 2018
Prel. |
Nov. 2018
Prel. |
| Total Construction |
|
1,282,205 |
1,320,305 |
1,307,335 |
1,292,717 |
1,299,875 |
| Residential |
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506,975 |
546,549 |
542,629 |
542,178 |
548,380 |
| Nonresidential |
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775,231 |
773,757 |
764,706 |
750,540 |
751,495 |
| Lodging |
|
33,685 |
33,445 |
33,453 |
33,578 |
33,462 |
| Office |
|
77,426 |
75,625 |
75,760 |
74,835 |
74,407 |
| Commercial |
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86,074 |
87,810 |
88,783 |
86,188 |
87,459 |
| Health care |
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42,128 |
41,433 |
41,956 |
41,360 |
41,011 |
| Educational |
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96,736 |
96,467 |
96,763 |
98,462 |
98,710 |
| Religious |
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2,973 |
3,087 |
3,214 |
3,028 |
3,075 |
| Public safety |
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9,539 |
9,338 |
9,060 |
9,335 |
9,486 |
| Amusement & recreation |
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27,065 |
27,338 |
27,133 |
27,088 |
27,631 |
| Transportation |
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52,737 |
52,672 |
54,728 |
53,088 |
53,020 |
| Power |
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100,986 |
98,453 |
97,701 |
98,838 |
98,348 |
| Highway & street |
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104,921 |
111,484 |
101,717 |
89,482 |
93,646 |
| Sewage & waste disposal |
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24,221 |
23,658 |
22,530 |
22,058 |
22,121 |
| Water supply |
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14,438 |
14,467 |
13,758 |
13,041 |
13,240 |
| Conservation & development |
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8,550 |
8,556 |
8,549 |
7,467 |
7,847 |
| Manufacturing |
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70,339 |
66,743 |
66,173 |
67,727 |
64,524 |
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| Total Private Construction
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500,926 |
540,897 |
536,941 |
536,655 |
542,534 |
| Residential |
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500,926 |
540,897 |
536,941 |
536,655 |
542,534 |
| New single family |
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263,153 |
267,179 |
270,133 |
267,440 |
277,512 |
| New multi-family |
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64,479 |
65,274 |
65,557 |
65,245 |
64,729 |
| Nonresidential |
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460,609 |
453,640 |
456,021 |
454,516 |
450,829 |
| Lodging |
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32,731 |
32,153 |
32,108 |
32,168 |
31,852 |
| Office |
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66,957 |
65,796 |
66,052 |
64,880 |
65,097 |
| Commercial |
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81,579 |
83,654 |
84,338 |
82,120 |
83,801 |
| Health care |
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33,803 |
33,149 |
33,049 |
32,726 |
31,410 |
| Educational |
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20,109 |
20,138 |
21,057 |
20,960 |
22,034 |
| Religious |
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2,973 |
3,087 |
3,214 |
3,028 |
3,028 |
| Amusement & recreation |
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14,622 |
14,387 |
14,496 |
14,604 |
14,933 |
| Transportation |
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17,788 |
17,865 |
19,204 |
17,510 |
17,675 |
| Communication |
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23,208 |
23,046 |
23,310 |
24,764 |
23,287 |
| Power |
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95,059 |
92,278 |
91,753 |
92,816 |
92,251 |
| Manufacturing |
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70,184 |
66,614 |
66,026 |
67,583 |
64,355 |
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| Total Public Construction |
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320,671 |
325,769 |
314,373 |
301,546 |
306,512 |
| Residential |
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6,049 |
5,652 |
5,688 |
5,522 |
5,846 |
| Nonresidential |
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314,622 |
320,117 |
308,686 |
296,024 |
300,666 |
| Office |
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10,469 |
9,829 |
9,708 |
9,954 |
9,310 |
| Commercial |
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4,495 |
4,156 |
4,446 |
4,068 |
3,658 |
| Health care |
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8,325 |
8,284 |
8,907 |
8,634 |
9,602 |
| Educational |
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76,627 |
76,329 |
75,706 |
77,502 |
76,676 |
| Public safety |
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9,382 |
9,113 |
8,840 |
9,162 |
9,341 |
| Amusement & recreation |
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12,443 |
12,951 |
12,638 |
12,483 |
12,698 |
| Transportation |
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34,949 |
34,807 |
35,524 |
35,578 |
35,345 |
| Power |
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5,927 |
6,175 |
5,949 |
6,022 |
6,097 |
| Highway & street |
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104,461 |
111,147 |
101,470 |
89,111 |
93,379 |
| Sewage & waste disposal |
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23,494 |
22,996 |
21,859 |
21,447 |
21,646 |
| Water supply |
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14,215 |
14,241 |
13,542 |
12,855 |
13,034 |
| Conservation & development |
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8,522 |
8,533 |
8,486 |
7,453 |
7,832 |
Construction Spending by Month and Category Year on Year Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( Y/Y in % ) |
March 2019
Prel. |
Feb. 2019
Prel. |
Jan. 2019
Rest. |
Dec. 2018
Prel. |
Nov. 2018
Prel. |
| Total Construction |
-0.2 % |
1.07 % |
3.53 % |
2.38 % |
3.81 % |
| Residential |
-6.77 % |
-3.02 % |
2.41 % |
2.53 % |
3.18 % |
| Nonresidential |
4.63 % |
4.17 % |
4.34 % |
2.26 % |
4.28 % |
| Lodging |
7 % |
6.02 % |
8.15 % |
9.84 % |
14.67 % |
| Office |
3.94 % |
2.26 % |
7.51 % |
4.79 % |
7.89 % |
| Commercial |
-5.49 % |
-5.81 % |
0.12 % |
-4.59 % |
-1.55 % |
| Health care |
1.93 % |
-1.76 % |
-1.73 % |
-1.67 % |
-1.2 % |
Educational |
1.84 % |
1.67 % |
-1.03 % |
1.66 % |
5.15 % |
| Religious |
-0.13 % |
7.3 % |
10.22 % |
3.06 % |
4.59 % |
| Public safety |
4.35 % |
-2.13 % |
-9.86 % |
-0.54 % |
11.29 % |
| Amusement & recreation |
9.86 % |
12.9 % |
13.27 % |
13.51 % |
16.4 % |
Transportation |
2.91 % |
1.16 % |
11.31 % |
8.98 % |
12.53 % |
| Power |
6.02 % |
3.72 % |
4.37 % |
-1.49 % |
-2.87 % |
| Highway & street |
15.02 % |
23.76 % |
9.52 % |
0.59 % |
6.13 % |
| Sewage & waste disposal |
15.39 % |
12.15 % |
9.09 % |
6.17 % |
6.88 % |
Water supply |
21.43 % |
16.23 % |
20.6 % |
9.34 % |
14.98 % |
| Conservation & development |
-5.74 % |
2.15 % |
16.22 % |
-1.81 % |
5.94 % |
Manufacturing |
4.86 % |
-1.43 % |
1.44 % |
5.3 % |
1.85 % |
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| Total Private Construction
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-6.68 % |
-2.81 % |
2.63 % |
2.85 % |
3.46 % |
| Residential |
-6.68 % |
-2.81 % |
2.63 % |
2.85 % |
3.46 % |
| New single family |
-7.19 % |
-6.19 % |
-2.73 % |
-3.07 % |
1.23 % |
| New multi-family |
9.41 % |
7.8 % |
7.23 % |
5.31 % |
5.82 % |
| Nonresidential |
2.2 % |
0.24 % |
3.74 % |
1.87 % |
2.88 % |
| Lodging |
8.59 % |
6.29 % |
8.8 % |
11.04 % |
13.26 % |
| Office |
4.48 % |
3.81 % |
8.11 % |
5.1 % |
9.69 % |
| Commercial |
-6.26 % |
-5.97 % |
-0.38 % |
-5.64 % |
-2.33 % |
| Health care |
9.93 % |
4.02 % |
6.23 % |
4.13 % |
-0.22 % |
| Educational |
-7.98 % |
-7.03 % |
0.14 % |
-3.44 % |
5.64 % |
| Religious |
-0.13 % |
7.3 % |
10.22 % |
3.06 % |
2.99 % |
| Amusement & recreation |
2.53 % |
5.4 % |
4.71 % |
8.01 % |
13.5 % |
| Transportation |
-4.54 % |
-3.74 % |
6.52 % |
-1.2 % |
4.41 % |
| Communication |
-3.26 % |
-2.38 % |
-6.83 % |
4.3 % |
-0.36 % |
| Power |
5.62 % |
2.52 % |
5.06 % |
-0.28 % |
-0.53 % |
| Manufacturing |
5.74 % |
-0.78 % |
2.36 % |
6.07 % |
2.39 % |
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| Total Public Construction |
7.88 % |
9.58 % |
4.77 % |
2.3 % |
5.87 % |
| Residential |
-13.88 % |
-19.58 % |
-15.27 % |
-21.29 % |
-17.52 % |
| Nonresidential |
8.41 % |
10.28 % |
5.23 % |
2.87 % |
6.46 % |
| Office |
0.61 % |
-7.02 % |
3.59 % |
2.79 % |
-3.19 % |
| Commercial |
10.99 % |
-2.51 % |
10.62 % |
23.09 % |
20.45 % |
| Health care |
-21.31 % |
-19.64 % |
-23.12 % |
-18.8 % |
-4.28 % |
| Educational |
4.78 % |
4.24 % |
-1.35 % |
3.13 % |
5.01 % |
Public safety |
3.52 % |
-3.63 % |
-11.66 % |
-1.36 % |
10.82 % |
| Amusement & recreation |
19.93 % |
22.6 % |
24.99 % |
20.69 % |
20.02 % |
| Transportation |
7.16 % |
3.88 % |
14.07 % |
14.81 % |
17.09 % |
| Power |
12.94 % |
25.81 % |
-5.15 % |
-17.03 % |
-28.36 % |
Highway & street |
14.8 % |
23.65 % |
9.52 % |
0.4 % |
6.08 % |
| Sewage & waste disposal |
12.69 % |
9.7 % |
6.5 % |
3.92 % |
5.3 % |
| Water supply |
20.94 % |
15.57 % |
19.99 % |
9.08 % |
14.99 % |
Conservation & development |
-5.73 % |
2.22 % |
15.36 % |
-1.93 % |
5.84 % |
Construction Spending by Month and Category Month on Month Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( M/M in % ) |
March 2019
Prel. |
Feb. 2019
Prel. |
Jan. 2019
Rest. |
Dec. 2018
Prel. |
Nov. 2018
Prel. |
| Total Construction |
-2.89 % |
0.99 % |
1.13 % |
-0.55 % |
-0.69 % |
| Residential |
-7.24 % |
0.72 % |
0.08 % |
-1.13 % |
0.61 % |
| Nonresidential |
0.19 % |
1.18 % |
1.89 % |
-0.13 % |
-1.61 % |
| Lodging |
0.72 % |
-0.02 % |
-0.37 % |
0.35 % |
-2.54 % |
| Office |
2.38 % |
-0.18 % |
1.24 % |
0.58 % |
-2.13 % |
| Commercial |
-1.98 % |
-1.1 % |
3.01 % |
-1.45 % |
-1.38 % |
| Health care |
1.68 % |
-1.25 % |
1.44 % |
0.85 % |
-3.28 % |
Educational |
0.28 % |
-0.31 % |
-1.73 % |
-0.25 % |
-0.18 % |
| Religious |
-3.69 % |
-3.95 % |
6.14 % |
-1.53 % |
3.89 % |
| Public safety |
2.15 % |
3.07 % |
-2.95 % |
-1.59 % |
-0.64 % |
| Amusement & recreation |
-1 % |
0.76 % |
0.17 % |
-1.97 % |
-0.88 % |
Transportation |
0.12 % |
-3.76 % |
3.09 % |
0.13 % |
-0.82 % |
| Power |
2.57 % |
0.77 % |
-1.15 % |
0.5 % |
-1.02 % |
| Highway & street |
-5.89 % |
9.6 % |
13.67 % |
-4.45 % |
-1.21 % |
| Sewage & waste disposal |
2.38 % |
5.01 % |
2.14 % |
-0.28 % |
-0.45 % |
Water supply |
-0.2 % |
5.15 % |
5.5 % |
-1.5 % |
-6.53 % |
| Conservation & development |
-0.07 % |
0.08 % |
14.49 % |
-4.84 % |
-3.18 % |
Manufacturing |
5.39 % |
0.86 % |
-2.29 % |
4.96 % |
-3.84 % |
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| Total Private Construction
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-7.39 % |
0.74 % |
0.05 % |
-1.08 % |
0.66 % |
| Residential |
-7.39 % |
0.74 % |
0.05 % |
-1.08 % |
0.66 % |
| New single family |
-1.51 % |
-1.09 % |
1.01 % |
-3.63 % |
-1.8 % |
| New multi-family |
-1.22 % |
-0.43 % |
0.48 % |
0.8 % |
4.34 % |
| Nonresidential |
1.54 % |
-0.52 % |
0.33 % |
0.82 % |
-1.94 % |
| Lodging |
1.8 % |
0.14 % |
-0.19 % |
0.99 % |
-3.32 % |
| Office |
1.76 % |
-0.39 % |
1.81 % |
-0.33 % |
-2.02 % |
| Commercial |
-2.48 % |
-0.81 % |
2.7 % |
-2.01 % |
-1.08 % |
| Health care |
1.97 % |
0.3 % |
0.99 % |
4.19 % |
-4.49 % |
| Educational |
-0.14 % |
-4.36 % |
0.46 % |
-4.87 % |
0.2 % |
| Religious |
-3.69 % |
-3.95 % |
6.14 % |
0 % |
2.85 % |
| Amusement & recreation |
1.63 % |
-0.75 % |
-0.74 % |
-2.2 % |
-0.49 % |
| Transportation |
-0.43 % |
-6.97 % |
9.67 % |
-0.93 % |
0.76 % |
| Communication |
0.7 % |
-1.13 % |
-5.87 % |
6.34 % |
-1.53 % |
| Power |
3.01 % |
0.57 % |
-1.15 % |
0.61 % |
-1.48 % |
| Manufacturing |
5.36 % |
0.89 % |
-2.3 % |
5.02 % |
-3.61 % |
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| Total Public Construction |
-1.56 % |
3.62 % |
4.25 % |
-1.62 % |
-1.17 % |
| Residential |
7.02 % |
-0.63 % |
3.01 % |
-5.54 % |
-4.29 % |
| Nonresidential |
-1.72 % |
3.7 % |
4.28 % |
-1.54 % |
-1.11 % |
| Office |
6.51 % |
1.25 % |
-2.47 % |
6.92 % |
-2.9 % |
| Commercial |
8.16 % |
-6.52 % |
9.29 % |
11.21 % |
-7.91 % |
| Health care |
0.49 % |
-6.99 % |
3.16 % |
-10.08 % |
0.9 % |
| Educational |
0.39 % |
0.82 % |
-2.32 % |
1.08 % |
-0.29 % |
Public safety |
2.95 % |
3.09 % |
-3.51 % |
-1.92 % |
-0.8 % |
| Amusement & recreation |
-3.92 % |
2.48 % |
1.24 % |
-1.69 % |
-1.34 % |
| Transportation |
0.41 % |
-2.02 % |
-0.15 % |
0.66 % |
-1.59 % |
| Power |
-4.02 % |
3.8 % |
-1.21 % |
-1.23 % |
6.63 % |
Highway & street |
-6.02 % |
9.54 % |
13.87 % |
-4.57 % |
-1.24 % |
| Sewage & waste disposal |
2.17 % |
5.2 % |
1.92 % |
-0.92 % |
-0.15 % |
| Water supply |
-0.18 % |
5.16 % |
5.34 % |
-1.37 % |
-6.09 % |
Conservation & development |
-0.13 % |
0.55 % |
13.86 % |
-4.84 % |
-3.17 % |
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