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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

July 2015

 
Seasonally Adjusted Annual Rate
 
Not Seasonally Adjusted
 
(millions of dollars)
 
(millions of dollars)
Total
 1,083,378
 
 98,987
  Private
  787,776 
 
  69,860 
     Residential
  380,818 
 
  35,163 
     Nonresidential
  406,958
 
  34,697
  Public
  295,602
 
  29,127
    State and Local
  273,184
 
  27,189
     Federal
    22,418
 
   1,938

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Source: U.S. Census Bureau | Construction Spending Survey | (301) 763-1605  Last Revised: July 06, 2015