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Posted November 3, 2022

U.S. Construction Spending Trickles Up in September

However, year-to-date trend is 11.4 percent over 2021.


The U.S. Census Bureau announced the following value put in place construction statistics for September 2022:

Total Construction

Construction spending during September 2022 was estimated at a seasonally adjusted annual rate of $1,811.1 billion, 0.2 percent (±1.0 percent)* above the revised August estimate of $1,807.0 billion.

The September figure is 10.9 percent (±1.5 percent) above the September 2021 estimate of $1,632.9 billion. During the first nine months of this year, construction spending amounted to $1,353.7 billion, 11.4 percent (±1.0 percent) above the $1,215.6 billion for the same period in 2021.

Private Construction

Spending on private construction was at a seasonally adjusted annual rate of $1,450.3 billion, 0.4 percent (±0.5 percent)* above the revised August estimate of $1,444.9 billion.

Residential construction was at a seasonally adjusted annual rate of $918.0 billion in September, virtually unchanged from (±1.3 percent)* the revised August estimate of $918.0 billion.

Nonresidential construction was at a seasonally adjusted annual rate of $532.3 billion in September, 1.0 percent (±0.5 percent) above the revised August estimate of $526.9 billion.

Public Construction

In September, the estimated seasonally adjusted annual rate of public construction spending was $360.9 billion, 0.4 percent (±1.8 percent)* below the revised August estimate of $362.1 billion.

Educational construction was at a seasonally adjusted annual rate of $78.2 billion, virtually unchanged from (±2.6 percent)* the revised August estimate of $78.2 billion.

Highway construction was at a seasonally adjusted annual rate of $108.4 billion, 1.7 percent (±4.3 percent)* above the revised August estimate of $106.6 billion.

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