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Construction Spending Annual Rates for February 2015

By April 2, 2015 November 19th, 2019 Construction Law

According to the U.S. Census Bureau of the Department of Commerce, total construction spending for February 2015 was estimated at a seasonally adjusted annual rate of $967.2 billion.  This rate is a slight decrease of 0.1 percent from the revised January estimate of $967.9 billion.  Compared to a year ago, the February rate is up 2.1 percent from that of the February 2014 rate, which was estimated at $947.1 billion.  So far this year, construction spending has totaled $132.9 billion, an increase of 2.0 percent compared to the $130.3 billion for the first two months of 2014.

Private construction spending was estimated at a seasonally adjusted annual rate of $698.2 billion, which is up 0.2 percent from January’s revised estimate of $696.9 billion.  Residential construction spending for February was at a seasonally adjusted annual rate of $349.9 billion, down 0.2 percent from the previous month’s revised estimate of $350.5 billion.  Nonresidential construction spending for February was estimated at $348.4 billion, up 0.5 percent from January’s revised estimate of $346.5 billion.

Public construction spending was estimated at a seasonally adjusted annual rate of $268.9 billion, down 0.8 percent from January’s revised estimate of $271.0 billion.  Educational construction spending for February was at an adjusted rate of $59.1 billion, up 0.2 percent from the revised January estimate of $58.9 billion.  Highway construction spending was estimated at an adjusted rate of $82.8 billion for February, decreasing by 0.2 percent from January’s revised estimate of $83.0 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

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