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10/30/2014

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For Release at 10:00 A.M. EST, Thursday, March 1, 2012
 
Michael Davis, Linnet Holland, or Trent Langley CB12-36(301) 763-1605
JANUARY 2012 CONSTRUCTION AT $827.0 BILLION ANNUAL RATE
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during January2012 was estimated at a seasonally adjusted annual rate of $827.0 billion, 0.1 percent (±1.1%)* below the revisedDecember estimate of $827.6 billion. The January figure is 7.1 percent (±1.8%) above the January 2011 estimate of $772.0 billion.
PRIVATE CONSTRUCTION
Spending on private construction was at a seasonally adjusted annual rate of $538.7 billion, nearly the same as (±1.1%)*the revised December estimate of $538.7 billion. Residential construction was at a seasonally adjusted annual rate of $253.6 billion in January, 1.8 percent (±1.3%) above the revised December estimate of $249.2 billion. Nonresidentialconstruction was at a seasonally adjusted annual rate of $285.0 billion in January, 1.5 percent (±1.1%) below the revisedDecember estimate of $289.5 billion.
PUBLIC CONSTRUCTION
In January, the estimated seasonally adjusted annual rate of public construction spending was $288.3 billion, 0.2 percent(±1.8%)* below the revised December estimate of $289.0 billion. Educational construction was at a seasonally adjustedannual rate of $71.6 billion, 0.9 percent (±3.4%)* below the revised December estimate of $72.2 billion. Highwayconstruction was at a seasonally adjusted annual rate of $83.7 billion, 0.2 percent (±3.8%)* below the revised Decemberestimate of $83.9 billion.
 February 2012 data will be released on April 2, 2012 at 10:00 A.M. EDT. For more detailed data and methodologies, go to our website: http://www.census.gov/constructionspending 
EXPLANATORY NOTES
In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movementswhich may be irregular. It may take 2 months to establish an underlying trend for total construction and as long as 8 months for specific categories of construction. The statistics in this release are estimated from several sources and surveys and are subject to sampling variability as well asnonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimates of the standard errors are provided inTable 3. Whenever a statement such as "2.3 (±3.1) percent above" appears in the text, this indicates the range (-0.8 to +5.4 percent) in which theactual percent change is likely to have occurred. All ranges given are 90 percent confidence intervals and account only for sampling variability. If arange does not contain zero, the change is statistically significant. If it does contain zero, the change is not statistically significant; that is, it isuncertain whether there was an increase or decrease. Statistics for the current month are preliminary estimates subject to revision in following monthsas additional data become available. The average absolute percent changes from preliminary estimate to first revision for the major seasonallyadjusted components are as follows: total construction, 1.3 percent; private construction, 1.7 percent; and public construction, 0.8 percent.
* 90% confidence interval includes zero. The U.S. Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.
 
Type of ConstructionJan2012
p
Dec2011
r
Nov2011
r
Oct2011Sep2011Jan2011Dec2011Jan2011Total Construction827,001827,628816,042801,193798,972771,982-0.17.1
Residential260,642256,449252,963247,713241,690247,3271.65.4Nonresidential566,358571,179563,079553,480557,282524,655-0.87.9Lodging8,3698,7068,8088,4478,6598,572-3.9-2.4Office34,46934,92035,36334,31534,96734,258-1.30.6Commercial43,13044,12344,31243,50644,93940,008-2.37.8Health care41,32640,96340,37638,61541,05137,6680.99.7Educational86,82287,18586,18586,10087,01682,065-0.45.8Religious3,7443,8803,7754,0424,1434,867-3.5-23.1Public safety10,46010,43310,4559,6679,8289,6650.38.2Amusement and recreation15,97715,65615,87415,85216,14215,7062.11.7Transportation35,01334,67434,39234,48835,17337,4471.0-6.5Communication17,88418,02216,87717,46718,15817,789-0.80.5Power99,689101,24998,79294,86992,11480,111-1.524.4Highway and street83,78383,88282,80181,66881,00180,168-0.14.5Sewage and waste disposal23,93424,13823,69622,70722,79023,922-0.80.1Water supply14,57313,28213,87314,15614,17715,3349.7-5.0Conservation and development5,9886,1086,3126,7216,5597,285-2.0-17.8Manufacturing41,19743,95741,18940,86040,56529,790-6.338.3
Total Private Construction
1
538,670538,673529,112520,746513,607482,0990.011.7
Residential253,639249,196245,543239,994233,393237,6431.86.7New single family113,940111,205108,785107,421106,849108,0192.55.5New multi-family16,20516,09616,27015,22315,27013,5050.720.0Nonresidential285,031289,478283,569280,752280,214244,456-1.516.6Lodging7,8138,0608,1057,8077,9968,122-3.1-3.8Office22,79222,95922,87522,81722,80822,145-0.72.9Commercial40,15240,56440,90840,30941,48536,999-1.08.5Health care30,64730,12029,81529,21730,21227,2391.712.5Educational15,25614,99915,23114,66814,31312,1281.725.8Religious3,7233,8393,7504,0094,1114,845-3.0-23.2Amusement and recreation6,7216,6546,9457,5457,7825,8771.014.4Transportation11,08011,31611,21211,01811,09710,751-2.13.1Communication17,72117,80416,70117,26517,93117,783-0.5-0.3Power87,22888,86686,23384,40481,51168,130-1.828.0Manufacturing40,39242,91840,20140,19739,46629,173-5.938.5
Total Public Construction
2
288,331288,955286,930280,448285,365289,883-0.2-0.5
Residential7,0047,2547,4197,7198,2979,684-3.4-27.7Nonresidential281,327281,701279,510272,728277,068280,199-0.10.4Office11,67711,96112,48811,49812,15912,113-2.4-3.6Commercial2,9783,5603,4043,1973,4543,010-16.3-1.1Health care10,67810,84310,5619,39810,83910,429-1.52.4Educational71,56572,18670,95471,43372,70369,937-0.92.3Public safety10,25010,21810,2259,4519,6329,5580.37.2Amusement and recreation9,2569,0028,9308,3078,3609,8292.8-5.8Transportation23,93423,35823,18023,47024,07626,6962.5-10.3Power12,46112,38312,55910,46510,60411,9810.64.0Highway and street83,68483,86782,78081,65480,98780,096-0.24.5Sewage and waste disposal23,39223,65323,03722,20622,30223,455-1.1-0.3Water supply14,01812,71713,28213,49713,50014,75210.2-5.0Conservation and development5,8906,0106,2196,6166,4327,250-2.0-18.8public safety, highway and street, sewage and waste disposal, water supply, and conservation and development. 
2
Includes the following categories of public construction not shown separately:lodging, religious, communication, and manufacturing.
Table 1.
Value of Construction Put in Place in the United States, Seasonally Adjusted Annual Rate
(Millions of dollars. Details may not add to totals due to rounding.)
Percent changeJan 2012 from -
p
Preliminary
r
Revised 
1
Includes the following categories of private construction not shown separately:
 
Type of ConstructionJan2012
p
Dec2011
r
Nov2011
r
Oct2011Sep2011Jan2011Jan2012Jan2011PercentchangeTotal Construction56,45963,35569,77373,95174,42152,27856,45952,2788.0
Residential17,35418,45221,09023,64421,84016,36917,35416,3696.0Nonresidential39,10544,90448,68450,30852,58135,90939,10535,9098.9Lodging697726734704722714697714-2.4Office2,6072,7932,9942,9233,2252,5692,6072,5691.5Commercial3,0963,3843,7533,8524,1342,8743,0962,8747.7Health care3,2333,3493,4393,3103,6672,9303,2332,93010.3Educational5,9896,3046,7927,2148,0205,6525,9895,6526.0Religious285315335365367369285369-22.8Public safety7888569058109517257887258.7Amusement and recreation1,1641,2421,3511,4031,4851,1151,1641,1154.4Transportation2,5172,7512,9963,1443,2822,6462,5172,646-4.9Communication1,2001,7781,5061,4721,5801,1311,2001,1316.1Power7,2799,0549,1359,0527,9165,9167,2795,91623.0Highway and street4,0255,1987,2798,5539,4983,7564,0253,7567.2Sewage and waste disposal1,6691,8792,0692,1362,1411,6641,6691,6640.3Water supply1,0181,0051,1871,2921,2741,0741,0181,074-5.2Conservation and development444521553520710540444540-17.8Manufacturing3,0933,7513,6573,5553,6112,2353,0932,23538.4
Total Private Construction
1
37,97742,53145,59548,27345,54633,76337,97733,76312.5
Residential16,84417,86320,46523,00521,01615,67316,84415,6737.5New single family7,7668,1819,4779,77110,0087,3477,7667,3475.7New multi-family1,2161,2531,3621,2871,3061,0211,2161,02119.1Nonresidential21,13324,66725,13125,26824,52918,09021,13318,09016.8Lodging651672675651666677651677-3.8Office1,7361,8281,9501,9892,0161,6761,7361,6763.6Commercial2,8703,0873,4623,5953,7772,6412,8702,6418.7Health care2,3792,4632,5612,5512,6612,1052,3792,10513.0Educational1,0981,1411,2151,2201,2218751,09887525.5Religious284311333363365367284367-22.6Amusement and recreation53355057864767145753345716.6Transportation8499421,0019889948168498164.0Communication1,1861,7601,4911,4561,5611,1301,1861,1305.0Power6,4188,1398,1528,1636,9365,0766,4185,07626.4Manufacturing3,0263,6643,5753,5003,5192,1843,0262,18438.6
Total Public Construction
2
18,48220,82524,17825,67828,87518,51518,48218,515-0.2
Residential510588625639823696510696-26.7Nonresidential17,97120,23723,55325,03928,05217,81917,97117,8190.9Office8729641,0449341,209893872893-2.4Commercial225298291258357234225234-3.8Health care8548868787591,0068248548243.6Educational4,8915,1635,5775,9946,7994,7774,8914,7772.4Public safety7738408867919347177737177.8Amusement and recreation631692773756814658631658-4.1Transportation1,6681,8091,9952,1562,2891,8301,6681,830-8.9Power8619159828899808408618402.5Highway and street4,0185,1967,2768,5529,4963,7514,0183,7517.1Sewage and waste disposal1,6331,8422,0112,0912,0961,6331,6331,6330.0Water supply9819561,1371,2211,2041,0339811,033-5.0Conservation and development436513545512699537436537-18.8public safety, highway and street, sewage and waste disposal, water supply, and conservation and development. 
2
Includes the following categories of public construction not shown separately:lodging, religious, communication, and manufacturing.
Table 2.
Value of Construction Put in Place in the United States, Not Seasonally Adjusted
(Millions of dollars. Details may not add to totals due to rounding.)
Year-to-date
p
Preliminary
r
Revised 
1
Includes the following categories of private construction not shown separately:

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