For Release at 10:00 A.M. EDT, Monday, July 2, 2012
Erica Filipek, Linnet Holland, or Trent Langley CB12-120(301) 763-1605
MAY 2012 CONSTRUCTION AT $830.0 BILLION ANNUAL RATE
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during May 2012was estimated at a seasonally adjusted annual rate of $830.0 billion, 0.9 percent (±1.5%)* above the revised April estimateof $822.5 billion. The May figure is 7.0 percent (±2.0%) above the May 2011 estimate of $775.8 billion.During the first 5 months of this year, construction spending amounted to $310.5 billion, 9.4 percent (±1.6%) above the$283.8 billion for the same period in 2011.
PRIVATE CONSTRUCTION
Spending on private construction was at a seasonally adjusted annual rate of $560.4 billion, 1.6 percent (±1.6%)* abovethe revised April estimate of $551.8 billion. Residential construction was at a seasonally adjusted annual rate of $261.3billion in May, 3.0 percent (±1.3%) above the revised April estimate of $253.8 billion. Nonresidential construction was ata seasonally adjusted annual rate of $299.1 billion in May, 0.4 percent (±1.6%)* above the revised April estimate of $298.0 billion.
PUBLIC CONSTRUCTION
In May, the estimated seasonally adjusted annual rate of public construction spending was $269.6 billion, 0.4 percent(±2.1%)* below the revised April estimate of $270.7 billion. Educational construction was at a seasonally adjusted annualrate of $65.0 billion, 3.0 percent (±3.8%)* below the revised April estimate of $67.0 billion. Highway construction was ata seasonally adjusted annual rate of $78.0 billion, 0.5 percent (±6.3%)* below the revised April estimate of $78.4 billion.
June 2012 data will be released on August 1, 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.
In this May 2012 press release, normal revisions to the unadjusted and seasonally adjusted data will reviseback to January 2010.
Type of ConstructionMay2012
p
Apr2012
r
Mar2012
r
Feb2012
r
Jan2012
r
May2011
r
Apr2012May2011Total Construction830,013822,497817,842820,677824,687775,8370.97.0
Residential267,700260,240256,156259,640257,051252,0862.96.2Nonresidential562,313562,257561,686561,037567,637523,7510.07.4 Lodging11,03211,00511,1229,6589,6288,5670.228.8 Office35,08435,60935,78034,28835,14334,965-1.50.3 Commercial47,67746,95946,42545,89646,71643,6711.59.2 Health care41,33640,78440,15441,08140,51538,8351.46.4 Educational82,21284,76285,52085,70586,04683,505-3.0-1.5 Religious3,5723,8934,0194,0784,1894,185-8.2-14.6 Public safety10,20110,13310,57710,94710,80210,1670.70.3 Amusement and recreation15,67415,68215,82015,81216,40816,792-0.1-6.7 Transportation34,56734,36632,79333,05134,59934,6380.6-0.2 Communication16,85316,88817,00816,81917,41217,527-0.2-3.8 Power93,91893,25294,19595,207100,66471,8630.730.7 Highway and street78,13778,50377,79777,54576,12176,812-0.51.7 Sewage and waste disposal22,14622,49222,91523,66023,56722,250-1.5-0.5 Water supply13,43313,62613,44613,63714,33313,209-1.41.7 Conservation and development6,8516,2936,3236,0645,9587,8178.9-12.4 Manufacturing49,62248,01147,79147,59045,53838,9493.427.4
Total Private Construction
1
560,433551,803544,797544,550547,460495,3211.613.1
Residential261,330253,817249,452252,640249,566243,0603.07.5 New single family121,281119,112117,712117,837115,599105,6711.814.8 New multi-family20,49119,26918,02817,78417,10813,6346.350.3Nonresidential299,103297,985295,345291,910297,894252,2610.418.6 Lodging10,30910,27910,2258,9769,0537,9680.329.4 Office24,39024,35824,55223,30623,65822,8940.16.5 Commercial44,36643,80643,23442,79843,55739,9401.311.1 Health care30,41830,33729,56030,64429,96127,3570.311.2 Educational17,18617,74817,46516,76216,41113,492-3.227.4 Religious3,5453,8713,9894,0554,1664,151-8.4-14.6 Amusement and recreation6,6316,7306,4146,3666,5167,397-1.5-10.4 Transportation10,74510,6689,3468,6099,9739,1550.717.4 Communication16,68516,67016,69616,62117,17817,4200.1-4.2 Power84,77384,85485,77885,79690,94762,697-0.135.2 Manufacturing48,56747,22746,76246,64044,77138,2922.826.8
Total Public Construction
2
269,579270,694273,045276,127277,228280,516-0.4-3.9
Residential6,3706,4236,7047,0007,4849,026-0.8-29.4Nonresidential263,210264,271266,341269,127269,743271,490-0.4-3.0 Office10,69511,25011,22910,98211,48512,071-4.9-11.4 Commercial3,3103,1533,1913,0983,1593,7315.0-11.3 Health care10,91810,44810,59410,43710,55511,4784.5-4.9 Educational65,02667,01468,05568,94369,63570,013-3.0-7.1 Public safety10,09110,04410,48610,82510,6219,9450.51.5 Amusement and recreation9,0438,9529,4079,4469,8929,3941.0-3.7 Transportation23,82223,69823,44724,44224,62625,4840.5-6.5 Power9,1458,3978,4179,4109,7189,1668.9-0.2 Highway and street78,00078,35677,68777,48475,95776,772-0.51.6 Sewage and waste disposal21,53921,83222,25423,05822,86521,732-1.3-0.9 Water supply12,89613,15513,06913,18413,77012,529-2.02.9 Conservation and development6,7536,2236,2375,9655,8637,7788.5-13.2public 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 changeMay 2012 from -
p
Preliminary
r
Revised
1
Includes the following categories of private construction not shown separately:
Type of ConstructionMay2012
p
Apr2012
r
Mar2012
r
Feb2012
r
Jan2012
r
May2011
r
May2012May2011PercentchangeTotal Construction70,73466,16460,93956,10856,53565,845310,480283,8119.4
Residential23,54821,69818,75516,54317,05822,33097,60291,8616.2Nonresidential47,18644,46642,18439,56639,47743,515212,878191,95010.9 Lodging9199179278058027144,3703,55323.0 Office3,0142,9772,8652,6422,6382,98214,13513,6443.6 Commercial4,0553,8973,6463,3943,3623,70318,35416,00014.7 Health care3,4663,3643,2643,1783,1363,28316,40915,7314.3 Educational6,9616,6706,3635,9505,9436,99631,88630,7773.6 Religious2843153213303213311,5721,727-9.0 Public safety8488208368208158404,1393,8956.3 Amusement and recreation1,3301,2911,2371,1551,1801,4416,1926,287-1.5 Transportation2,8942,7422,4352,3292,4162,89512,81713,300-3.6 Communication1,4621,3241,3631,2551,1621,4616,5666,683-1.8 Power7,6977,3807,5007,2127,5725,70537,36126,21842.5 Highway and street6,6415,4054,3333,8533,6416,37523,87223,4901.6 Sewage and waste disposal1,8601,7781,7601,6681,6511,8678,7178,6001.4 Water supply1,1311,1181,0419891,0001,1105,2805,444-3.0 Conservation and development5435034994534385982,4362,988-18.5 Manufacturing4,0813,9643,7973,5343,3993,21418,77513,61337.9
Total Private Construction
1
48,07045,32941,78838,09038,67742,493211,952181,74716.6
Residential23,00921,17418,24616,01116,51021,58094,95088,2317.6 New single family10,3519,5499,0187,6217,8779,02944,41640,06110.9 New multi-family1,7581,6271,4761,3821,2901,1837,5325,54036.0Nonresidential25,06124,15523,54222,07922,16620,912117,00293,51625.1 Lodging8598578527487546644,0703,32622.4 Office2,1122,0291,9691,8331,7801,9669,7238,80010.5 Commercial3,7853,6503,3933,1553,1213,39617,10414,66616.6 Health care2,5392,4882,3892,3392,2972,30512,05211,1508.1 Educational1,5441,4851,4041,2431,1731,2006,8495,14333.2 Religious2823133193283203291,5611,714-8.9 Amusement and recreation5585585375035136262,6692,6211.8 Transportation9108386675987097743,7233,4787.0 Communication1,4481,3061,3371,2391,1421,4526,4726,657-2.8 Power6,9076,6196,8596,5466,8994,91733,82922,03853.5 Manufacturing3,9933,8993,7123,4553,3353,16018,39313,36037.7
Total Public Construction
2
22,66520,83519,15118,01817,85823,35398,528102,064-3.5
Residential5395245095315487502,6523,630-26.9Nonresidential22,12620,31118,64217,48717,31022,60395,87698,434-2.6 Office9019498968088571,0164,4114,845-9.0 Commercial2702472532392423071,2501,334-6.3 Health care9278778758398399784,3574,581-4.9 Educational5,4185,1854,9584,7064,7705,79625,03725,634-2.3 Public safety8398138288118028204,0933,8217.1 Amusement and recreation7727337006526678163,5243,666-3.9 Transportation1,9841,9041,7681,7311,7072,1219,0949,822-7.4 Power7907626416666737893,5324,180-15.5 Highway and street6,6305,3934,3243,8493,6296,37223,82523,4691.5 Sewage and waste disposal1,8091,7231,7051,6231,5991,8228,4588,3701.1 Water supply1,0891,0841,0149639621,0565,1105,220-2.1 Conservation and development5354974914454315952,3982,973-19.3public 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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