CENSUS BUREAU: February 2013 Construction at $885.1 Billion Annual Rate

  • By David M. Kinchen 
CENSUS BUREAU: February 2013 Construction at  $885.1 Billion Annual Rate

The U.S. Census Bureau of the Department of Commerce announced Monday, April 1 that construction spending during February 2013 was estimated at a seasonally adjusted annual rate of $885.1 billion, 1.2 percent  above the revised January estimate of $874.8 billion. The February figure is 7.9 percent  above the February 2012 estimate of $820.7 billion.

During the first 2 months of this year, construction spending amounted to $120.1 billion, 6.6 percent  above the $112.6 billion for the same period in 2012.

PRIVATE CONSTRUCTION

Spending on private construction was at a seasonally adjusted annual rate of $613.0 billion, 1.3 percent  above the revised January estimate of $605.2 billion. Residential construction was at a seasonally adjusted annual rate of $303.4 billion in February, 2.2 percent  above the revised January estimate of $296.9 billion. Nonresidential construction was at a seasonally adjusted annual rate of $309.6 billion in February, 0.4 percent   above the revised January estimate of $308.3 billion.

PUBLIC CONSTRUCTION

In February, the estimated seasonally adjusted annual rate of public construction spending was $272.1 billion, 0.9 percent above the revised January estimate of $269.6 billion. Educational construction was at a seasonally adjusted annual rate of $63.2 billion, 0.3 percent   below the revised January estimate of $63.3 billion. Highway construction was at a seasonally adjusted annual rate of $81.4 billion, 3.4 percent  above the revised January estimate of $78.7 billion.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: