US construction spending down 0.5 percent in September

Monday, 01 November 2021 22:26:50 (GMT+3)   |   San Diego
       

The US Census Bureau announced that construction spending during September 2021 was estimated at a seasonally adjusted annual rate of $1,573.6 billion, 0.5 percent (±1.0 percent) below the revised August estimate of $1,582.0 billion. The September figure is 7.8 percent (±1.5 percent) above the September 2020 estimate of $1,459.3 billion.

During the first nine months of this year, construction spending amounted to $1,177.5 billion, 7.1 percent (±1.0 percent) above the $1,099.8 billion for the same period in 2020.

Spending on private construction was at a seasonally adjusted annual rate of $1,229.9 billion, 0.5 percent (±0.7 percent) below the revised August estimate of $1,236.1 billion. Residential construction was at a seasonally adjusted annual rate of $773.5 billion in September, 0.4 percent (±1.3 percent) below the revised August estimate of $776.8 billion. Nonresidential construction was at a seasonally adjusted annual rate of $456.4 billion in September, 0.6 percent (±0.7 percent) below the revised August estimate of $459.3 billion.

In September, the estimated seasonally adjusted annual rate of public construction spending was $343.7 billion, 0.7 percent (±1.8 percent) below the revised August estimate of $345.9 billion. Educational construction was at a seasonally adjusted annual rate of $80.7 billion, 0.9 percent (±2.0 percent) above the revised August estimate of $80.0 billion. Highway construction was at a seasonally adjusted annual rate of $99.8 billion, 0.7 percent (±4.6 percent) below the revised August estimate of $100.5 billion.


Most Recent Related Articles

US iron and steel scrap exports up 18.3 percent in October

US construction employment rises in November

US construction spending up 0.2 percent in October

US new homes sales up 0.4 percent in October

US residential building permits rise in October while housing starts decline and completions trend neutral