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Construction spending fell in June by -1.1 %

Construction Spending



Construction spending decreased after recent increase in May, with decline in private and public sector spending.
In June construction spending decreased by -1.1 % on the seasonally adjusted basis to annual rate at $1317.2 billion. Since construction outlays are one of the important sources of domestic growth, flat or declining construction spending is generally a negative sign.

Construction Spending (Picture Autor: Badseed) licence GNU

  M/M Y/Y
  Commercial -1.91% 3.12 %
  Office 0.12% 3.45 %
  Transportation 0.18% 21.40 %
  Power -0.89% 3.66 %
  Manufacturing 1.07% -6.91%
  Lodging -0.36% 13.27 %

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Over the last 12 months, construction spending soared by 7.4 %, led by public spending.
Private construction outlays decreased by -0.5 % on the seasonally adjusted basis.
Nonresidential private construction spending in June was at $568.3 billion annual rate, which represents 34.28 % of total construction spending.
From the same month a year ago, private construction outlays jumped by 9.8 %.
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Public Construction Spending
May outlays for U.S. construction projects were revised to $1332.2 billion to show 1.7 % growth.
Spending on public construction projects deteriorated faster than total construction outlays by -3.5 % on the seasonally adjusted basis.
Nonresidential private construction spending in June was at $568.3 billion annual rate, which represents 34.28 % of total construction spending.
From the same month a year ago, public construction outlays jumped by 9.9 %.




Construction Spending Seasonally Adjusted
( in millions $) Annual Rate
June 2018

Prel.
May 2018

Rest.
April 2018

Prel.
March 2018

Prel.
Feb. 2018

Prel.
Jan. 2018

Prel.
Total Construction
1,317,231 1,332,177 1,310,404 1,284,740 1,306,360 1,262,784
Residential
574,819 577,692 563,429 543,812 563,559 529,878
Nonresidential
742,412 754,485 746,975 740,928 742,801 732,906
Lodging
31,706 31,820 32,407 31,482 31,545 30,933
Office
72,758 72,674 74,857 74,494 73,955 70,468
Commercial
90,991 92,761 90,885 91,077 93,227 88,680
Health care
42,086 42,473 41,550 41,329 42,176 42,696
Educational
87,855 96,873 96,116 94,987 94,884 97,767
Religious
3,096 3,153 3,451 2,977 2,877 2,916
Public safety
9,377 9,291 9,287 9,141 9,541 10,051
Amusement & recreation
26,075 25,246 25,646 24,637 24,214 23,955
Transportation
51,223 51,133 51,818 51,247 52,068 49,169
Power
103,487 104,419 98,217 95,249 94,919 93,607
Highway & street
94,091 95,325 88,154 91,218 90,082 92,875
Sewage & waste disposal
22,563 22,367 20,744 20,991 21,095 20,653
Water supply
14,199 14,282 12,213 11,890 12,447 11,408
Conservation & development
7,711 7,915 8,585 9,071 8,376 7,356
Manufacturing
60,638 59,994 66,779 67,079 67,714 65,236
               
Total Private Construction
568,295 570,919 556,294 536,788 556,531 523,165
Residential
568,295 570,919 556,294 536,788 556,531 523,165
New single family
287,416 288,573 285,703 283,536 284,810 277,710
New multi-family
59,884 61,612 61,955 58,932 60,553 61,139
Nonresidential
451,494 453,007 457,988 450,704 452,533 439,568
Lodging
30,709 30,654 31,098 30,143 30,249 29,512
Office
63,142 62,979 65,003 64,088 63,384 61,095
Commercial
87,528 89,540 87,082 87,027 88,964 84,661
Health care
32,880 32,899 31,849 30,749 31,868 31,112
Educational
19,933 20,596 21,923 21,853 21,661 21,028
Religious
3,096 3,153 3,451 2,977 2,877 2,916
Amusement & recreation
14,462 14,068 14,324 14,261 13,650 13,844
Transportation
17,149 16,782 18,107 18,634 18,560 18,028
Communication
24,466 24,690 26,132 23,989 23,607 25,018
Power
97,157 97,427 92,094 90,001 90,011 87,335
Manufacturing
60,191 59,499 66,278 66,376 67,139 64,501
               
Total Public Construction
297,443 308,251 296,122 297,248 297,296 300,051
Residential
6,525 6,773 7,135 7,024 7,028 6,713
Nonresidential
290,918 301,479 288,987 290,225 290,268 293,337
Office
9,616 9,695 9,854 10,406 10,571 9,372
Commercial
3,463 3,221 3,803 4,050 4,263 4,019
Health care
9,207 9,574 9,701 10,580 10,308 11,585
Educational
67,922 76,276 74,193 73,134 73,222 76,739
Public safety
9,281 9,202 9,163 9,063 9,456 10,007
Amusement & recreation
11,613 11,179 11,322 10,375 10,564 10,111
Transportation
34,074 34,351 33,711 32,613 33,508 31,141
Power
6,330 6,992 6,123 5,248 4,908 6,272
Highway & street
93,889 95,132 87,954 90,997 89,890 92,649
Sewage & waste disposal
22,227 22,082 20,617 20,848 20,962 20,524
Water supply
14,068 14,152 12,053 11,754 12,322 11,286
Conservation & development
7,696 7,892 8,550 9,040 8,348 7,356



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




Construction Spending Seasonally Adjusted
Annuall Rate ( Y/Y in % )
June 2018
Prel.
May 2018
Rest.
April 2018
Prel.
March 2018
Prel.
Feb. 2018
Prel.
Jan. 2018
Prel.
Total Construction 7.4 % 8.3 % 7.54 % 5.45 % 7.01 % 6.99 %
Residential 9.79 % 12 % 7.89 % 6.7 % 11.88 % 9.96 %
Nonresidential 5.63 % 5.62 % 7.28 % 4.56 % 3.6 % 4.93 %
Lodging 13.27 % 14.88 % 16.41 % 10.91 % 11.91 % 7.8 %
Office 3.45 % 0.7 % 4.34 % 1.57 % -1.68 % -6.07 %
Commercial 3.12 % 11.75 % 13.12 % 13.12 % 11.87 % 10.96 %
Health care 6.47 % 8.28 % 3.14 % -0.2 % 3.58 % 3.94 %
Educational -2.05 % 3.55 % 5.85 % 4.61 % 0.98 % 8.95 %
Religious -7.17 % -5.68 % 3.57 % -13.79 % -17.75 % -12.41 %
Public safety 22.26 % 12.75 % 11.73 % 13.47 % 17.15 % 37.61 %
Amusement & recreation 12.15 % 6.73 % 15.21 % 6.29 % 4.3 % 8.03 %
Transportation 21.4 % 22 % 23.75 % 29.1 % 27.03 % 25.94 %
Power 3.66 % 3.89 % 4.25 % -4.07 % -5.02 % -3.49 %
Highway & street 10.18 % 5.01 % -1.78 % -0.66 % -1.46 % 6.76 %
Sewage & waste disposal 19.78 % 15.34 % 11.59 % 9.36 % 6.99 % 10.11 %
Water supply 23.36 % 21.2 % 10.95 % 12.27 % 17.79 % 8.17 %
Conservation & development 16.66 % 9.6 % 29.31 % 20.83 % 17.61 % 3.61 %
Manufacturing -6.91 % -14.38 % -2.47 % -3.6 % -2.08 % -6.88 %
             
Total Private Construction 9.77 % 12.03 % 7.67 % 6.63 % 11.88 % 9.82 %
Residential 9.77 % 12.03 % 7.67 % 6.63 % 11.88 % 9.82 %
Nonresidential 3.07 % 4.48 % 7.36 % 3.19 % 2.23 % 0.99 %
Lodging 13.62 % 12.33 % 13.28 % 7.55 % 8.67 % 4.14 %
Office 1.47 % -1.18 % 0.37 % -2.36 % -5.93 % -10.03 %
Commercial 2.79 % 12.78 % 12.81 % 12.16 % 10.98 % 9.83 %
Health care 8.39 % 12.1 % 0.8 % -6.05 % -1.19 % -5.8 %
Educational -1.06 % 6.72 % 9.25 % 6.16 % -2.97 % 2.63 %
Religious -7.17 % -5.68 % 3.57 % -13.79 % -17.75 % -12.41 %
Amusement & recreation 10.46 % 10.1 % 17.26 % 14.33 % 9.11 % 13.8 %
Transportation 22.15 % 37.76 % 52.52 % 62.67 % 60.47 % 61.32 %
Communication 5.65 % 13.9 % 25.89 % 10.46 % 8.7 % 15.71 %
Power 2.92 % 3.14 % 3.75 % -3.65 % -4.2 % -2.8 %
Manufacturing -6.34 % -14.28 % -2.31 % -3.66 % -2.11 % -7.15 %
             
Total Public Construction 9.88 % 7.44 % 7.58 % 6.89 % 5.93 % 11.67 %
Residential 11.5 % 9.97 % 28.1 % 12.96 % 11.59 % 22.12 %
Nonresidential 9.85 % 7.39 % 7.16 % 6.76 % 5.8 % 11.45 %
Office 18.61 % 14.94 % 41.26 % 35.07 % 34.75 % 31.67 %
Commercial 12 % -10.9 % 20.65 % 38.79 % 34.56 % 41.76 %
Health care 0.14 % -3.06 % 11.66 % 21.83 % 21.73 % 43.93 %
Educational -2.33 % 2.72 % 4.88 % 4.16 % 2.21 % 10.83 %
Public safety 21.97 % 12.56 % 11.31 % 13.26 % 17.89 % 39.35 %
Amusement & recreation 14.33 % 2.77 % 12.71 % -3.08 % -1.32 % 1.02 %
Transportation 21.03 % 15.54 % 12.37 % 15.48 % 13.88 % 11.75 %
Power 16.6 % 15.61 % 12.37 % -10.75 % -17.95 % -12.16 %
Highway & street 10.31 % 4.99 % -1.75 % -0.57 % -1.32 % 6.84 %
Sewage & waste disposal 18.97 % 14.94 % 12.2 % 9.85 % 7.42 % 10.42 %
Water supply 25.76 % 22.49 % 11.54 % 13.29 % 18.69 % 8.85 %
Conservation & development 16.82 % 9.66 % 29.17 % 20.76 % 17.59 % 4.31 %



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




Construction Spending Seasonally Adjusted
Annuall Rate ( M/M in % )
June 2018
Prel.
May 2018
Rest.
April 2018
Prel.
March 2018
Prel.
Feb. 2018
Prel.
Jan. 2018
Prel.
Total Construction -1.12 % 1.66 % 2 % -1.65 % 3.45 % 0.01 %
Residential -0.5 % 2.53 % 3.61 % -3.5 % 6.36 % 0.21 %
Nonresidential -1.6 % 1.01 % 0.82 % -0.25 % 1.35 % -0.14 %
Lodging -0.36 % -1.81 % 2.94 % -0.2 % 1.98 % 1.18 %
Office 0.12 % -2.92 % 0.49 % 0.73 % 4.95 % -1.32 %
Commercial -1.91 % 2.06 % -0.21 % -2.31 % 5.13 % -1.83 %
Health care -0.91 % 2.22 % 0.53 % -2.01 % -1.22 % 1.5 %
Educational -9.31 % 0.79 % 1.19 % 0.11 % -2.95 % 0.94 %
Religious -1.81 % -8.64 % 15.92 % 3.48 % -1.34 % -0.75 %
Public safety 0.93 % 0.04 % 1.6 % -4.19 % -5.07 % 7.09 %
Amusement & recreation 3.28 % -1.56 % 4.1 % 1.75 % 1.08 % 0.38 %
Transportation 0.18 % -1.32 % 1.11 % -1.58 % 5.9 % 0.94 %
Power -0.89 % 6.31 % 3.12 % 0.35 % 1.4 % -6.71 %
Highway & street -1.29 % 8.13 % -3.36 % 1.26 % -3.01 % 4.4 %
Sewage & waste disposal 0.88 % 7.82 % -1.18 % -0.49 % 2.14 % -0.6 %
Water supply -0.58 % 16.94 % 2.72 % -4.47 % 9.11 % -4.35 %
Conservation & development -2.58 % -7.8 % -5.36 % 8.3 % 13.87 % -3.27 %
Manufacturing 1.07 % -10.16 % -0.45 % -0.94 % 3.8 % 1.42 %
             
Total Private Construction -0.46 % 2.63 % 3.63 % -3.55 % 6.38 % 0.27 %
Residential -0.46 % 2.63 % 3.63 % -3.55 % 6.38 % 0.27 %
New single family -0.4 % 1 % 0.76 % -0.45 % 2.56 % 0.65 %
New multi-family -2.8 % -0.55 % 5.13 % -2.68 % -0.96 % -1.32 %
Nonresidential -0.33 % -1.09 % 1.62 % -0.4 % 2.95 % -1.48 %
Lodging 0.18 % -1.43 % 3.17 % -0.35 % 2.5 % 1.87 %
Office 0.26 % -3.11 % 1.43 % 1.11 % 3.75 % -1.03 %
Commercial -2.25 % 2.82 % 0.06 % -2.18 % 5.08 % -2.72 %
Health care -0.06 % 3.3 % 3.58 % -3.51 % 2.43 % -1.01 %
Educational -3.22 % -6.05 % 0.32 % 0.89 % 3.01 % -3.12 %
Religious -1.81 % -8.64 % 15.92 % 3.48 % -1.34 % -0.75 %
Amusement & recreation 2.8 % -1.79 % 0.44 % 4.48 % -1.4 % 2.39 %
Transportation 2.19 % -7.32 % -2.83 % 0.4 % 2.95 % 1.72 %
Communication -0.91 % -5.52 % 8.93 % 1.62 % -5.64 % 5.37 %
Power -0.28 % 5.79 % 2.33 % -0.01 % 3.06 % -6.17 %
Manufacturing 1.16 % -10.23 % -0.15 % -1.14 % 4.09 % 1.24 %
             
Total Public Construction -3.51 % 4.1 % -0.38 % -0.02 % -0.92 % 1.79 %
Residential -3.66 % -5.07 % 1.58 % -0.06 % 4.69 % -4.32 %
Nonresidential -3.5 % 4.32 % -0.43 % -0.01 % -1.05 % 1.94 %
Office -0.81 % -1.61 % -5.3 % -1.56 % 12.79 % -3.22 %
Commercial 7.51 % -15.3 % -6.1 % -5 % 6.07 % 21.6 %
Health care -3.83 % -1.31 % -8.31 % 2.64 % -11.02 % 8.95 %
Educational -10.95 % 2.81 % 1.45 % -0.12 % -4.58 % 2.11 %
Public safety 0.86 % 0.43 % 1.1 % -4.16 % -5.51 % 7.74 %
Amusement & recreation 3.88 % -1.26 % 9.13 % -1.79 % 4.48 % -2.24 %
Transportation -0.81 % 1.9 % 3.37 % -2.67 % 7.6 % 0.49 %
Power -9.47 % 14.19 % 16.67 % 6.93 % -21.75 % -13.59 %
Highway & street -1.31 % 8.16 % -3.34 % 1.23 % -2.98 % 4.38 %
Sewage & waste disposal 0.66 % 7.11 % -1.11 % -0.54 % 2.13 % -0.55 %
Water supply -0.59 % 17.41 % 2.54 % -4.61 % 9.18 % -4.23 %
Conservation & development -2.48 % -7.7 % -5.42 % 8.29 % 13.49 % -3.21 %

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


     
       
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