Skip to main content

Articles & News

Construction Spending Annual Rates for August 2014

By October 6, 2014 November 19th, 2019 Construction Law

According to the U.S. Census Bureau of the Department of Commerce, total construction spending for August 2014 was estimated at a seasonally adjusted annual rate of $961.0 billion.  This rate is down 0.8 percent from the revised July estimate of $968.8 billion, but is 5.0 percent above the August 2013 estimate of $915.3 billion.  Construction spending has totaled to the amount of $623.1 billion for the first eight months of 2014, an increase of 6.8 percent compared to the $583.2 billion for the same period in 2013.

Private construction spending in August was estimated at a seasonally adjusted annual rate of $685.0 billion, a decrease of 0.8 percent from July’s revised estimate of $690.3 billion.  Residential construction spending for August was at a seasonally adjusted annual rate of $351.7 billion, down 0.1 percent from the previous month’s revised estimate of $352.1 billion.  Nonresidential construction spending for August was estimated at $333.3 billion, down 1.4 percent from July’s revised estimate of $338.1 billion.

Public construction spending was estimated at a seasonally adjusted annual rate of $275.9 billion, down 0.9 percent from July’s revised estimate of $278.5 billion.  Educational construction spending for August was at an adjusted rate of $62.3 billion, a decrease of 2.9 percent from the revised July estimate of $64.1 billion.  Highway construction spending was estimated at an adjusted rate of $83.3 billion for August, decreasing by 0.6 percent from July’s revised estimate of $83.8 billion.

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

 

Eli Robbins

Author Eli Robbins

More posts by Eli Robbins