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Construction Spending

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Overview

The Value of Construction Put in Place Survey (VIP) provides monthly estimates of the total dollar value of construction work done in the U.S. The United States Code, Title 13, authorizes this program. The survey covers construction work done each month on new structures or improvements to existing structures for private and public sectors. Data estimates include the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, and contractor’s profits. Data collection and estimation activities begin on the first day after the reference month and continue for about three weeks. Reported data and estimates are for activity taking place during the previous calendar month. The survey has been conducted monthly since 1964. 

 

Value of Construction Put in Place at a Glance

June 2015

 
Seasonally Adjusted Annual Rate
 
Not Seasonally Adjusted
 
(millions of dollars)
 
(millions of dollars)
Total
 1,064,594
 
 96,609
  Private
  766,366 
 
  68,315 
     Residential
  371,589 
 
  34,457 
     Nonresidential
  394,777
 
  33,859
  Public
  298,228
 
  28,294
    State and Local
  276,010
 
  26,361
     Federal
    22,219
 
   1,934

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Source: U.S. Census Bureau | Construction Spending Survey | (301) 763-1605  Last Revised: March 11, 2015