U.S. Construction inches up in September
But remains 10 percent off from Sept. 09.
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during September 2010 was estimated at a seasonally adjusted annual rate of $801.7 billion, 0.5 percent (±1.9%)* above the revised August
estimate of $797.5 billion. The September figure is 10.4 percent (±1.9%) below the September 2009 estimate of $894.8 billion.
During the first 9 months of this year, construction spending amounted to $612.6 billion, 11.2 percent (±1.0%) below the $689.9 billion for the same period in 2009.
PRIVATE CONSTRUCTION
Spending on private construction was at a seasonally adjusted annual rate of $482.0 billion, nearly the same as (±1.1%)* the revised August estimate of $481.9 billion.
Residential construction was at a seasonally adjusted annual rate of $231.7 billion in September, 1.8 percent (±1.3%) above the revised August estimate of $227.7 billion.
Nonresidential construction was at a seasonally adjusted annual rate of $250.3 billion in September, 1.6 percent (±1.1%) below the revised August estimate of $254.3 billion.
PUBLIC CONSTRUCTION
In September, the estimated seasonally adjusted annual rate of public construction spending was $319.7 billion, 1.3 percent (±2.6%)* above the revised August estimate of $315.5 billion.
Educational construction was at a seasonally adjusted annual rate of $78.1 billion, 1.6 percent (±3.5%)* above the revised August estimate of $76.9 billion.
Highway construction was at a seasonally adjusted annual rate of $84.9 billion, 0.1 percent (±7.0%)* below the revised August estimate of $85.0 billion.
