Rock Products - The Leading Voice of the Aggregate Industries.

Department of Commerce Reports Construction Spending


The U.S. Census Bureau of the Department of Commerce reported that construction spending during September 2011 was estimated at 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 percent below the September 2010 estimate of $797.3 billion.

During the first 9 months of this year, construction spending amounted to $580.9 billion, 3.5 percent below the $602.0 billion for the same period in 2010.

In September, the estimated seasonally adjusted annual rate of public construction spending was $285.4 billion, 0.6 percent below the revised August estimate of $287 billion. Highway construction was at a seasonally adjusted annual rate of $80.3 billion, 1.4 percent above the revised August estimate of $79.2 billion. Educational construction was at a seasonally adjusted annual rate of $73.3 billion, 0.9 percent below the revised August estimate of $73.9 billion.

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.