Construction Spending Annual Rates for September 2015

November 2, 2015

Eli Y. Robbins Construction Law


According to the U.S. Census Bureau of the Department of Commerce, total construction spending for September 2015 was estimated at a seasonally adjusted annual rate of $1,094.2 billion.  This rate is an increase of 0.6 percent from the revised August estimate of $1,087.5 billion.  Compared to a year ago, the September rate is up 14.1 percent from that of the September 2014 rate, which was estimated at $959.2 billion.  So far this year, construction spending has totaled $786.6 billion, an increase of 10.5 percent compared to the $711.8 billion for the first nine months of 2014.

Private construction spending in September was estimated at a seasonally adjusted annual rate of $794.2 billion, increasing by 0.6 percent from the revised August estimate of $789.7 billion.  Residential construction spending for September was at a seasonally adjusted annual rate of $394.7 billion, an increase of 1.9 percent from the previous month’s revised estimate of $387.5 billion.  Nonresidential construction spending for September was estimated at $399.5 billion, down 0.7 percent from the revised August estimate of $402.2 billion.

Public construction spending was estimated at a seasonally adjusted annual rate of $300.0 billion, up 0.7 percent from the revised August estimate of $297.8 billion.  Educational construction spending for September was at an adjusted rate of $69.1 billion, up 2.4 percent from the revised August estimate of $67.5 billion.  Highway construction spending was estimated at an adjusted rate of $91.2 billion for September, rising 0.3 percent from the revised August estimate of $90.9 billion.

For more information, read the complete U.S. Census Bureau of the Department of Commerce Press Release by clicking here.