During April construction spending was estimated at a seasonally adjusted annual rate of $1,908.4 billion, a jump of 1.2 percent above a large upwardly revised March estimate of $1,885.0 billion. The April figure is 7.2 percent above the April 2022 estimate of $1,780.9 billion. During the first four months of this year, construction spending amounted to $566.7 billion, 6.1 percent above the $533.9 billion for the same period in 2022.   READ MORE...

For the first time, the U.S. Census Bureau has created an interactive map of national, state and county building permit data. The recently released tool allows quick access and insight into the dynamics of permits issued for new residential construction.  The tool also provides new data for every one of the 3,143 U.S. counties and shows how many single family, multi-family, and total housing units were authorized in each.

The information allows users to follow changes over the past few years and to drill down to more exhaustive data and specific geographic areas.

For more details go to: Census Bureau Unveils Unique, Interactive Building Permit Tool

The U.S. Census Bureau announced the following value “put in place” construction statistics for March 2023: Total Construction spending was estimated at a seasonally adjusted annual rate of $1,834.7 billion, 0.3 percent above an unusual downward revised February estimate of $1,829.6 billion. The March figure is 3.8 percent above the March 2022 estimate of $1,768.2 billion. During the first three months of this year, construction spending amounted to $403.3 billion, 4.3 percent (less than the general inflation rate), but still above the $386.7 billion for the same period in 2022.  Read more....

Construction spending during February 2023 was estimated at a seasonally adjusted annual rate of $1,844.1 billion, 0.1 percent below the upwardly revised January estimate of $1,845.4 billion. The February figure is 5.2 percent above the February 2022 estimate of $1,753.1 billion. During the first two months of this year, construction spending amounted to $260.8 billion, 5.9 percent above the $246.1 billion for the same period in 2022.

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Construction spending during January 2023 was estimated at a seasonally adjusted annual rate of $1,825.7 billion, 0.1 percent below the upwardly revised December estimate of $1,827.5 billion. However, the January “year-over-year” figure is 5.7 percent above the January 2022 estimate of $1,726.6 billion. Private sector spending outperformed the public sector, which was off from its December ’22 levels.

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Construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8 billion, 0.4 percent below the upward revised November estimate of $1,817.3 billion. The December figure is 7.7 percent above the December 2021 estimate of $1,681.0 billion. The value of construction in 2022 was $1,792.9 billion, a strong 10.2 percent above the $1,626.4 billion spent in 2021, but well within inflationary impacts.

Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $1,427.1 billion, 0.4 percent below the revised November estimate of $1,432.9 billion. Residential construction was at a seasonally adjusted annual rate of $857.2 billion in December, 0.3 percent below the revised November estimate of $860.0 billion. Nonresidential construction was at a seasonally adjusted annual rate of $570.0 billion in December, 0.5 percent below the revised November estimate of $572.9 billion.   READ MORE.....

Construction spending during November 2022 was estimated at a seasonally adjusted annual rate of $1,807.5 billion, 0.2 percent above the upward revised October estimate of $1,803.2 billion. The November figure is 8.5 percent above the November 2021 estimate of $1,665.2 billion. Over the last month public sector spending continued to rise (especially with the new fiscal budget in only its second month), while the residential sector has seen a steady decline. During the first eleven months of this year, construction spending amounted to $1,657.6 billion, 10.5 percent above the $1,499.8 billion for the same period in 2021.  Read more HERE

Construction Put in Place Historical Charts HERE

The U.S. Census Bureau announced that the value of total construction spending during October 2022 was estimated at a seasonally adjusted annual rate of $1,794.9 billion, 0.3 percent below the downward revised September estimate of $1,800.1 billion. The October figure is 9.2 percent above the October 2021 estimate of $1,644.3 billion. The month-over-month drop was particularly felt on the private sector side (down over $7 billion), while the public sector market saw increases, although the transportation segment has yet to see a burst of spending expected from the infrastructure bill passed a year ago. During the first ten months of this year, construction spending amounted to $1,507.8 billion, 10.8 percent above the $1,360.8 billion for the same period in 2021.  READ MORE HERE

The U.S. Census Bureau announced that the value of total construction spending during September 2022 was estimated at a seasonally adjusted annual rate of $1,811.1 billion, 0.2 percent above the upward revised August estimate of $1,807.0 billion. The September figure is 10.9 percent above the September 2021 estimate of $1,632.9 billion. Nonresidential spending trended upwards, but surprisingly overall public sector was down slightly from the revised August levels. During the first nine months of this year, construction spending amounted to $1,353.7 billion, 11.4 percent (not adjusted for inflation) above the $1,215.6 billion for the same period in 2021.  READ MORE HERE

The U.S. Census Bureau announced that the value of total construction spending during August 2022 was estimated at a seasonally adjusted annual rate of $1,781.3 billion, 0.7 percent below the upward revised July estimate of $1,793.5 billion. The August figure is 8.5 percent above the August 2021 estimate of $1,641.6 billion. During the first eight months of this year, construction spending amounted to $1,183.8 billion, 10.9 percent above the $1,067.4 billion for the same period in 2021.   READ MORE...