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The U.S. Census Bureau of the Department of Commerce estimated that construction spending during September 2011 hit a seasonally adjusted annual rate of $787.2 billion, 0.2 percent above the revised August estimate of $786 billion. The September figure is 1.3 below the Sept. 2010 estimate of $797.3 billion. During the first nine months of 2011, construction spending amounted to $580.9 billion, 3.5 percent below the $602 billion for the same period in 2010.
Private construction
Spending on private construction was at a seasonally adjusted annual rate of $501.8 billion, 0.6 percent above the revised August estimate of $499 billion. Residential construction was at a seasonally adjusted annual rate of $228.3 billion in September, 0.9 percent above the revised August estimate of $226.3 billion. Nonresidential construction was at a seasonally adjusted annual rate of $273.5 billion in September, 0.3 percent above the revised August estimate of $272.8 billion.
Public construction
In September, the seasonally adjusted annual rate of public construction spending was $285.4 billion, 0.6 percent below the revised August estimate of $287 billion. Educational construction dropped to $73.3 billion, 0.9 percent below the revised August estimate of $73.9 billion.
Value Of New Construction Put In Place — September 2011
Value of Construction Put-in-Place ($ billions, seasonally adjusted annual rate)
1-Preliminary; 2-Revised
Note: The U.S. Census department changed its construction categories beginning with its May 2003 statistics.
With the changes in the project classifications, data now presented are not directly comparable with those data previously published in the regular-format press releases and tables. Direct comparisons can only be made at the total, total private, total state and local, total federal, and total public levels for annual and not seasonally adjusted monthly data. For more information, check out http://www.census.gov/const/www/c30index.html.