Latest from Industry Stats

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In contrast to the current conditions component, the percent of respondents expecting to see unchanged conditions in six months declined in April while the proportion of those...
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AIA architects are starting to see more inquiries for project design.
Dec. 21, 2023
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For the first time since February 2023, the current conditions component broke into expansionary territory as October’s reading hit 52.8 points. The proportion of respondents ...
Nov. 2, 2023
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Some signs of a slowdown are creeping into the distributor survey data.
Nov. 2, 2023
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If you have been tracking Electrical Marketing’s data on the fastest-growing electrical markets over the past few years, you won’t be surprised to learn that the Phoenix-Mesa-...
Oct. 20, 2023
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Building permits slide in SeptemberPrivately‐owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,473,000, -4.4% below...
Oct. 20, 2023

Value of New Construction Holds Steady in September but Shows Nice YOY Increase

The September figure is 7.2% above the Sept. 2017 estimate of $1,240.4 billion.
Nov. 2, 2018
2 min read
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Construction crane

Construction spending during Sept. 2018 was estimated at a seasonally adjusted annual rate of $1,329.5 billion, nearly the same as the revised August estimate of $1,328.8 billion. The September figure is 7.2% above the Sept. 2017 estimate of $1,240.4 billion. During the first nine months of this year, construction spending amounted to $982.9 billion, 5.5% above the $931.3 billion for the same period in 2017.

Private construction. Spending on private construction was at a seasonally adjusted annual rate of $1,020.4 billion, 0.3% above the revised August estimate of $1,016.9 billion. Residential construction was at a seasonally adjusted annual rate of $556.4 billion in September, 0.6% above the revised August estimate of $553.4 billion. Nonresidential construction was at a seasonally adjusted annual rate of $463.9 billion in September, 0.1% above the revised August estimate of $463.5 billion.

Multi-family construction saw the biggest month-to-month increase with a +8.7% increase to $64.2 billion. At $17.9 billion, transportation was up +18.9% over Aug. 2017, due in part, no doubt, to the dramatic increase in airport terminal construction.

Public construction. In September, the estimated seasonally adjusted annual rate of public construction spending was $309.1 billion, 0.9% below the revised August estimate of $312.0 billion, but +11% ahead of Aug. 2017. Educational construction was at a seasonally adjusted annual rate of $74.6 billion, 1.2% above the revised August estimate of $73.7 billion and +9.9% above the Aug. 2017 pace.