Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 04 20130405em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 04 20130405em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 04 20130405em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 04 20130405em Value
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 04 20130405em Value

New Construction Rises 1.2% in February According to U.S. Dept. of Commerce Data

April 5, 2013
Construction spending during Feb. 2013 was estimated at a seasonally adjusted annual rate of $885.1 billion, 1.2% above the revised January estimate of $874.8 billion.

The U.S. Census Bureau of the Department of Commerce announced earlier this week that construction spending during Feb. 2013 was estimated at a seasonally adjusted annual rate of $885.1 billion, 1.2% above the revised January estimate of $874.8 billion. The February figure is 7.9% above the February 2012 estimate of $820.7 billion. During the first two months of this year, construction spending amounted to $120.1 billion, 6.6% above the $112.6 billion for the same period in 2012. 

Private construction. Spending on private construction was at a seasonally adjusted annual rate of $613 billion, 1.3% above the revised January estimate of $605.2 billion. Residential construction was at a seasonally adjusted annual rate of $303.4 billion in February, 2.2% above the revised January estimate of $296.9 billion. Nonresidential construction was at a seasonally adjusted annual rate of $309.6 billion in February, 0.4% above the revised January estimate of $308.3 billion. Private educational and health-care construction showed the biggest increases, with education showing a 2.7% increase to $17.5 billion and health-care construction registering a 3.1% increase to $30.7 billion. 

Public construction. In February, the estimated seasonally adjusted annual rate of public construction spending was $272.1 billion, 0.9% above the revised January estimate of $269.6 billion. Educational construction was at a seasonally adjusted annual rate of $63.2 billion, 0.3% below the revised January estimate of $63.3 billion. Highway construction was at a seasonally adjusted annual rate of $81.4 billion, 3.4% above the revised January estimate of $78.7 billion.