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U.S. Annual Construction Spend Rate at $787 Billion in September


Based on the most recent data from the U.S. Census Bureau of the Department of Commerce, construction spending in the U.S. during September 2011 was estimated at a seasonally adjusted annual rate of $787.2 billion, 0.2 percent (±1.8%) above the revised August estimate of $786.0 billion. The September figure is 1.3 percent (±1.9%) below the September 2010 estimate of $797.3 billion.

During the first 9 months of this year, construction spending amounted to $580.9 billion, 3.5 percent (±1.3%) below the $602.0 billion for the same period in 2010.

Private Construction

Spending on private construction was at a seasonally adjusted annual rate of $501.8 billion, 0.6 percent (±1.1%) above the revised August estimate of $499.0 billion. Residential construction was at a seasonally adjusted annual rate of $228.3 billion in September, 0.9 percent (±1.3%) above the revised August estimate of $226.3 billion. Nonresidential construction was at a seasonally adjusted annual rate of $273.5 billion in September, 0.3 percent (±1.1%)* above the revised August estimate of $272.8 billion.

Public Construction

In September, the estimated seasonally adjusted annual rate of public construction spending was $285.4 billion, 0.6 percent (±2.6%) below the revised August estimate of $287.0 billion. Educational construction was at a seasonally adjusted annual rate of $73.3 billion, 0.9 percent (±3.5%) below the revised August estimate of $73.9 billion. Highway construction was at a seasonally adjusted annual rate of $80.3 billion, 1.4 percent (±6.4%) above the revised August estimate of $79.2 billion.



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