EconoIndicators

Construction Spending At a Glance

• Total Construction Spending: $1,140.2 billion
• Monthly Change: Down 1.1%
• Year-to-year Change: Down 2.3%
• Private Residential Spending: $462.0 billion
• Monthly Change: Down 2.8%
• Private Non-residential: $380.4 billion
• Monthly Change: Up 1.3%

Technorati Tags: construction, spending

DECEMBER 2007 CONSTRUCTION AT $1,140.2 BILLION ANNUAL RATE

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during December 2007
was estimated at a seasonally adjusted annual rate of $1,140.2 billion, 1.1 percent (±1.3%)* below the revised November
estimate of $1,153.0 billion. The December figure is 2.3 percent (±1.9%) below the December 2006 estimate of $1,167.3
billion.

The value of construction spending in 2007 was $1,161.3 billion, 2.6 percent (±1.4%) below the $1,192.2 billion spent in 2006.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $842.4 billion, 1.0 percent (±1.6%)* below the
revised November estimate of $850.8 billion. Residential construction was at a seasonally adjusted annual rate of $462.0 billion
in December, 2.8 percent (±1.3%) below the revised November estimate of $475.1 billion. Nonresidential construction was at a
seasonally adjusted annual rate of $380.4 billion in December, 1.3 percent (±1.6%)* above the revised November estimate of
$375.6 billion.

The value of private construction in 2007 was $874.0 billion, 6.7 percent (±1.4%) below the $937.0 billion spent in 2006.
Residential construction in 2007 was $524.1 billion, 18.3 percent (±1.8%) below the 2006 figure of $641.3 billion and
nonresidential construction was $349.8 billion, 18.3 percent (±1.4%) above the $295.7 billion in 2006.

PUBLIC CONSTRUCTION

In December, the estimated seasonally adjusted annual rate of public construction spending was $297.8 billion, 1.5 percent
(±1.8%)* below the revised November estimate of $302.3 billion. Educational construction was at a seasonally adjusted annual
rate of $86.2 billion, 1.3 percent (±3.0%)* below the revised November estimate of $87.3 billion. Highway construction was at
a seasonally adjusted annual rate of $78.5 billion, 2.1 percent (±4.3%)* below the revised November estimate of $80.2 billion.

The value of public construction in 2007 was $287.4 billion, 12.6 percent (±1.1%) above the $255.2 billion spent in 2006.
Educational construction in 2007 was $81.8 billion, 13.3 percent (±2.4%) above the 2006 figure of $72.2 billion and highway
construction was $76.7 billion, 7.3 percent (± 2.4%) above the $71.5 billion in 2006.

Construction Spending Press Release - December 2007 [PDF]

Construction Spending - December 2007 [PDF]

Construction Spending - December 2007 [Excel]

Source: Commerce Department, Census Bureau