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Construction Spending Data From September

FROM U.S. CENSUS: U.S.A. Construction Spending

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

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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.

Seasonally Adjusted Annual Rate
Not Seasonally Adjusted
(millions of dollars)
(millions of dollars)
Total
 1,811,136
163,593
  Private
  1,450,283
128,673
     Residential
  917,986
82,288
     Nonresidential
  532,297
 46,385
  Public
   360,853
 34,920
     State and Local
  339,155
 32,627
     Federal
    21,699
  2,293

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