Value Of New Construction Put In Place December 2008

Construction put-in-place spending during December 2008 was estimated at a seasonally adjusted annual rate of $1,053.7 billion, 1.4 percent below the revised November estimate of $1,068.8 billion. The December figure is 3.6 percent below the December 2007 estimate of $1,093.5 billion.

Value of Construction Put-in-Place ($ billions, seasonally adjusted annual rate)

December '08₁ November '08₂ Mo. % Change December '07 YTY % Change Total Construction 1,053.7 1,068.8 -1.4 1,093.5 -3.6 Total Private Construction 737.1 749.6 -1.7 797.5 -7.6 Residential (incl. improvements) 319.2 329.9 -3.2 413.9 -22.9 New single-family 139.9 152.2 -8.1 246.1 -43.1 New multi-family 41.0 42.4 -3.2 43.1 -4.8 Lodging 37.7 37.8 -0.3 31.2 20.8 Office 56.2 57.8 -2.7 56.1 0.2 Commercial (incl. farm) 75.5 76.4 -1.2 85.1 -11.3 Health Care 39.6 39.5 0.1 36.0 9.9 Educational 18.6 18.6 0 18.6 -0.2 Religious 7.6 7.5 1.3 7.2 5.6 Amusement and recreation 9.8 10.5 -6.4 11.6 -15.6 Transportation 10.4 10.5 -0.8 9.9 5.2 Communication 22.3 21.3 5.0 28.7 -22.1 Power (incl. gas and oil) 63.2 64.9 -2.7 46.0 37.3 Electric 47.6 48.0 -0.9 32.3 47.3 Manufacturing 75.3 73.1 3.0 51.2 47.1 Public construction ($ billions) 316.6 319.3 -0.8 296.0 7.0 Residential 7.7 7.9 -2.5 7.0 9.1 Office 16.9 15.9 6.4 12.2 38.8 Commercial 2.9 3.2 -8.6 3.5 -16.9 Health care 9.0 8.7 3.7 8.5 5.9 Educational 86.2 87.0 -0.9 82.0 5.2 Public safety 14.0 13.9 0.8 10.4 33.8 Amusement and recreation 12.0 12.0 0.5 11.5 4.6 Transportation 24.5 25.1 -2.3 24.8 -1.2 Power 10.5 11.4 -8.3 12.0 -12.6 Highway and street 82.1 84.2 -2.4 77.9 5.5 Sewage and waste disposal 26.5 26.5 -0.2 25.1 5.3 Water supply 17.3 17.2 0.3 13.6 27.4 Conservation and development 6.2 5.6 11.7 6.0 4.4

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.