December 2007 by USCensus

VIEWS: 7 PAGES: 5

									For Release at 10:00 A.M. EST, Friday, February 1, 2008 Michael Davis, Linnet Holland, or John Tremblay (301) 763-1605 CB08-19

DECEMBER 2007 CONSTRUCTION AT $1,140.2 BILLION ANNUAL RATE
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during December 2007 was estimated at a seasonally adjusted annual rate of $1,140.2 billion, 1.1 percent (±1.3%)* below the revised November estimate of $1,153.0 billion. The December figure is 2.3 percent (±1.9%) below the December 2006 estimate of $1,167.3 billion. The value of construction spending in 2007 was $1,161.3 billion, 2.6 percent (±1.4%) below the $1,192.2 billion spent in 2006. PRIVATE CONSTRUCTION Spending on private construction was at a seasonally adjusted annual rate of $842.4 billion, 1.0 percent (±1.6%)* below the revised November estimate of $850.8 billion. Residential construction was at a seasonally adjusted annual rate of $462.0 billion in December, 2.8 percent (±1.3%) below the revised November estimate of $475.1 billion. Nonresidential construction was at a seasonally adjusted annual rate of $380.4 billion in December, 1.3 percent (±1.6%)* above the revised November estimate of $375.6 billion. The value of private construction in 2007 was $874.0 billion, 6.7 percent (±1.4%) below the $937.0 billion spent in 2006. Residential construction in 2007 was $524.1 billion, 18.3 percent (±1.8%) below the 2006 figure of $641.3 billion and nonresidential construction was $349.8 billion, 18.3 percent (±1.4%) above the $295.7 billion in 2006. PUBLIC CONSTRUCTION In December, the estimated seasonally adjusted annual rate of public construction spending was $297.8 billion, 1.5 percent (±1.8%)* below the revised November estimate of $302.3 billion. Educational construction was at a seasonally adjusted annual rate of $86.2 billion, 1.3 percent (±3.0%)* below the revised November estimate of $87.3 billion. Highway construction was at a seasonally adjusted annual rate of $78.5 billion, 2.1 percent (±4.3%)* below the revised November estimate of $80.2 billion. The value of public construction in 2007 was $287.4 billion, 12.6 percent (±1.1%) above the $255.2 billion spent in 2006. Educational construction in 2007 was $81.8 billion, 13.3 percent (±2.4%) above the 2006 figure of $72.2 billion and highway construction was $76.7 billion, 7.3 percent (± 2.4%) above the $71.5 billion in 2006.

January 2008 data will be released on March 3, 2008 at 10:00 A.M. EST. 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 movements which 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 as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimates of the standard errors are provided in Table 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 the actual percent change is likely to have occurred. All ranges given are 90 percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero, the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. Statistics for the current month are preliminary estimates subject to revision in following months as additional data become available. The average absolute percent changes from preliminary estimate to first revision for the major seasonally adjusted components are as follows: total construction, 0.5 percent; private construction, 0.6 percent; and public construction, 0.7 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.

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 change Dec 2007 from Nov Dec 2007 2006 -1.1 -2.7 0.0 -0.7 1.0 -1.1 0.1 -0.8 -3.4 -1.1 0.3 -1.5 6.0 0.5 -2.1 -1.5 -1.4 3.8 6.2 -1.0 -2.8 1.3 -0.4 1.1 -1.1 0.5 1.3 -2.9 0.6 1.1 6.2 0.7 6.7 -1.5 0.1 -1.5 0.1 -1.1 -1.6 -1.3 -1.6 0.1 -2.4 -0.3 -2.1 -1.7 -1.3 3.7 -2.3 -20.1 15.7 68.3 15.7 5.7 9.7 11.0 -9.4 22.6 12.7 16.7 27.7 38.0 9.3 8.2 -0.2 18.9 22.5 -6.1 -20.4 20.4 68.4 15.9 7.0 6.7 19.6 -9.4 17.2 15.9 27.5 47.5 21.9 10.1 7.0 10.1 14.5 -19.6 25.1 9.4 22.1 8.8 17.0 7.5 9.2 7.8 -0.8 20.0

Type of Construction

Dec p 2007 1,140,200 469,140 671,061 35,680 70,060 85,401 47,437 104,441 7,155 10,544 21,631 33,203 28,539 57,327 79,062 25,726 14,833 6,748 43,276 842,358 462,007 380,351 34,595 59,694 82,146 38,767 18,237 7,155 10,456 9,126 28,410 46,745 42,862 297,842 7,132 290,710 10,366 3,254 8,670 86,204 9,896 11,175 24,078 10,582 78,508 25,248 14,387 6,714

Nov r 2007 1,153,034 482,268 670,766 35,927 69,375 86,345 47,370 105,305 7,408 10,658 21,560 33,698 26,924 57,052 80,733 26,130 15,045 6,498 40,738 850,765 475,145 375,620 34,746 59,020 83,055 38,557 18,005 7,369 10,390 9,028 26,748 46,440 40,188 302,269 7,122 295,147 10,355 3,291 8,813 87,299 10,060 11,169 24,670 10,612 80,196 25,686 14,576 6,473

Oct r 2007 1,157,538 496,951 660,587 34,457 69,786 87,677 46,977 102,047 7,461 10,278 21,264 33,300 27,401 52,252 80,378 25,470 15,700 6,355 39,785 859,083 490,023 369,059 33,286 58,705 84,258 38,154 17,749 7,421 10,024 9,120 27,225 41,958 39,285 298,456 6,928 291,528 11,082 3,418 8,823 84,298 9,715 11,240 24,181 10,295 79,866 25,192 15,195 6,337

Sep 2007 1,168,336 516,080 652,256 33,716 68,636 86,659 46,591 100,533 7,825 10,417 22,442 33,145 27,071 52,374 77,753 25,178 16,057 5,846 38,015 874,098 509,048 365,050 32,005 58,149 83,249 38,047 17,584 7,772 10,127 9,175 26,879 42,925 37,338 294,239 7,032 287,206 10,487 3,410 8,544 82,949 9,856 12,316 23,970 9,449 77,286 24,880 15,636 5,793

Aug 2007 1,165,331 527,639 637,693 32,130 66,754 85,792 45,578 101,017 7,486 9,975 21,864 32,325 26,648 49,424 76,141 24,465 15,826 5,255 37,012 875,885 520,056 355,829 30,768 55,919 82,155 37,275 17,166 7,482 10,062 8,997 26,601 41,146 36,415 289,446 7,583 281,863 10,835 3,637 8,303 83,851 9,451 11,802 23,329 8,278 75,705 24,144 15,411 5,109

Dec 2006 1,167,261 587,390 579,872 21,196 60,540 80,798 43,259 94,079 7,898 8,601 19,191 28,447 22,344 41,539 72,357 23,768 14,864 5,675 35,317 896,649 580,723 315,926 20,544 51,487 76,750 36,330 15,250 7,894 8,919 7,874 22,282 31,693 35,173 270,612 6,667 263,946 9,053 4,048 6,929 78,829 8,107 10,272 20,573 9,846 71,917 23,414 14,504 5,594

Total Construction Residential Nonresidential Lodging Office Commercial Health care Educational Religious Public safety Amusement and recreation Transportation Communication Power Highway and street Sewage and waste disposal Water supply Conservation and development Manufacturing Total Private Construction 1 Residential Nonresidential Lodging Office Commercial Health care Educational Religious Amusement and recreation Transportation Communication Power Manufacturing Total Public Construction 2 Residential Nonresidential Office Commercial Health care Educational Public safety Amusement and recreation Transportation Power Highway and street Sewage and waste disposal Water supply Conservation and development
p

Preliminary

r

Revised

1

Includes the following categories of private construction not shown separately: public safety, highway and street, sewage and waste disposal, water supply, and conservation and development. Includes the following categories of public construction not shown separately: lodging, religious, communication, and manufacturing.

2

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 Dec Dec 2007 2006

Type of Construction

Dec 2007p 87,104 34,912 52,192 2,973 5,444 6,611 3,816 7,820 566 868 1,714 2,691 2,554 4,654 5,007 1,983 1,154 570 3,765 65,205 34,335 30,870 2,883 4,641 6,343 3,113 1,392 566 840 773 2,544 3,878 3,731 21,899 577 21,322 803 268 703 6,428 818 874 1,918 776 4,967 1,939 1,124 567

Nov r 2007 97,240 40,526 56,714 2,994 5,831 7,291 3,982 8,530 651 949 1,877 3,009 2,421 4,712 6,822 2,277 1,272 551 3,546 71,790 39,941 31,849 2,896 4,968 7,000 3,236 1,449 647 884 815 2,406 3,868 3,500 25,449 585 24,865 863 290 746 7,081 899 993 2,194 844 6,773 2,236 1,233 549

Oct r 2007 103,525 44,722 58,804 2,871 5,958 7,744 4,025 8,681 657 913 1,907 3,111 2,553 4,600 8,077 2,353 1,438 485 3,430 76,396 44,156 32,241 2,774 5,063 7,474 3,286 1,494 654 881 823 2,538 3,691 3,388 27,129 566 26,563 896 270 739 7,187 863 1,027 2,288 910 8,031 2,330 1,384 483

Sep 2007 105,946 46,469 59,477 2,810 5,930 7,760 3,970 9,122 698 957 2,016 3,096 2,128 4,699 8,562 2,338 1,451 636 3,306 77,273 45,813 31,460 2,667 4,926 7,412 3,221 1,495 693 865 801 2,112 3,849 3,249 28,673 655 28,017 1,004 348 749 7,627 905 1,151 2,296 850 8,518 2,313 1,406 632

Aug 2007 111,050 51,481 59,569 2,678 5,757 7,725 3,854 10,297 680 876 1,955 3,017 2,378 4,318 8,637 2,312 1,430 477 3,180 81,949 50,817 31,132 2,564 4,801 7,407 3,179 1,629 679 862 783 2,374 3,545 3,130 29,102 665 28,437 956 318 675 8,668 830 1,094 2,234 773 8,593 2,282 1,382 465

Dec 2006

Percent change -2.6 -17.9 15.6 65.8 19.6 13.1 13.9 14.5 -2.1 26.4 12.6 15.8 21.0 27.3 7.2 7.0 5.1 6.9 9.2 -6.7 -18.3 18.3 62.9 19.9 13.4 11.1 20.9 -2.2 3.2 9.6 20.7 29.7 8.7 12.6 16.5 12.5 18.1 5.4 28.8 13.3 27.2 21.9 18.4 18.7 7.3 6.9 5.4 6.7

Total Construction Residential Nonresidential Lodging Office Commercial Health care Educational Religious Public safety Amusement and recreation Transportation Communication Power Highway and street Sewage and waste disposal Water supply Conservation and development Manufacturing Total Private Construction 1 Residential Nonresidential Lodging Office Commercial Health care Educational Religious Amusement and recreation Transportation Communication Power Manufacturing Total Public Construction 2 Residential Nonresidential Office Commercial Health care Educational Public safety Amusement and recreation Transportation Power Highway and street Sewage and waste disposal Water supply Conservation and development
p

88,347 1,161,322 1,192,238 43,772 44,575 1,766 4,777 6,184 3,476 6,933 624 707 1,490 2,264 2,015 3,353 4,487 1,841 1,175 456 3,028 68,729 43,243 25,486 1,712 4,056 5,867 2,920 1,151 623 709 651 2,010 2,640 3,016 19,618 530 19,089 722 317 557 5,782 670 782 1,613 713 4,455 1,810 1,150 449 531,238 630,084 29,922 65,359 85,398 45,037 98,441 7,538 9,866 20,555 31,305 26,200 49,784 77,139 24,603 15,601 5,690 37,646 873,969 524,153 349,816 28,806 55,377 81,845 36,867 16,620 7,523 9,334 8,697 26,100 39,542 37,262 287,353 7,085 280,267 9,982 3,552 8,170 81,822 9,356 11,221 22,609 10,242 76,675 24,263 15,173 5,588 647,416 544,822 18,047 54,644 75,518 39,525 85,992 7,700 7,806 18,248 27,038 21,653 39,106 71,929 22,990 14,842 5,322 34,461 937,047 641,332 295,715 17,687 46,194 72,148 33,183 13,745 7,690 9,041 7,937 21,621 30,481 34,278 255,191 6,084 249,108 8,451 3,370 6,342 72,247 7,358 9,208 19,101 8,625 71,481 22,706 14,397 5,238

Preliminary

r

Revised

1

Includes the following categories of private construction not shown separately: public safety, highway and street, sewage and waste disposal, water supply, and conservation and development. Includes the following categories of public construction not shown separately: lodging, religious, communication, and manufacturing.

2

Table 3. Coefficients of Variation and Standard Errors by Type of Construction
(Percent)

Coefficient of variation Type of Construction Monthly estimate Total Construction Residential Nonresidential Lodging Office Commercial Health care Educational Religious Public safety Amusement and recreation Transportation Communication Power Highway and street Sewage and waste disposal Water supply Conservation and development Manufacturing Total Private Construction Residential Nonresidential Lodging Office Commercial Health care Educational Religious Amusement and recreation Transportation Communication Power Manufacturing Total Public Construction Residential Nonresidential Office Commercial Health care Educational Public safety Amusement and recreation Transportation Power Highway and street Sewage and waste disposal Water supply Conservation and development NA Not applicable 0.9 5.3 0.9 2.2 2.4 3.3 1.9 2.1 4.5 3.5 3.8 2.5 NA 0.9 3.3 3.3 4.4 4.8 2.1 1.3 5.0 1.3 2.3 2.9 3.5 2.3 3.5 4.5 4.2 7.6 NA 0.5 1.8 1.3 5.3 1.3 4.1 6.1 2.7 2.4 3.6 6.0 2.7 4.8 3.4 3.3 4.4 4.8 Year-to-date estimate 0.6 4.4 0.6 1.8 1.7 2.2 1.5 1.3 2.9 2.5 2.8 1.9 NA 1.2 1.5 2.0 2.5 2.9 1.4 0.9 1.1 0.9 1.8 1.9 2.3 1.8 2.6 2.9 3.2 5.2 NA 1.3 1.3 0.7 4.4 0.7 3.2 4.4 2.0 1.5 2.6 4.5 2.0 3.0 1.5 2.0 2.5 3.0 Year-to-date change 0.9 6.9 0.9 3.7 2.7 2.4 2.1 2.1 3.8 4.6 4.1 3.0 NA 2.4 2.6 3.1 3.3 3.3 2.1 1.2 1.3 1.2 3.7 3.0 2.5 2.4 4.0 3.8 4.8 8.8 NA 2.6 2.1 1.1 6.9 1.1 5.0 5.5 3.6 2.3 4.8 6.5 3.2 4.4 2.6 3.1 3.4 3.3

Standard error Month-to-month change 0.8 2.9 0.8 0.9 1.5 2.5 1.2 1.6 2.7 2.0 2.4 1.3 NA 1.2 2.7 2.7 3.0 2.8 1.3 1.0 0.8 1.0 0.9 1.7 2.6 1.3 1.9 2.7 2.2 3.5 NA 1.3 1.3 1.1 2.9 1.1 3.1 3.2 2.4 1.9 2.0 3.9 1.4 4.2 2.7 2.8 3.1 2.8 Month-to-month change from prev. year 1.2 5.2 1.3 4.8 3.0 3.1 2.6 3.2 4.4 5.5 4.8 3.1 NA 1.9 5.4 4.3 5.3 7.0 2.1 1.5 1.4 1.5 5.0 3.2 3.2 3.0 5.3 4.4 5.7 13.6 NA 1.5 2.2 1.9 5.2 1.9 7.3 7.4 3.8 3.6 5.7 7.4 3.2 6.2 5.4 4.3 5.4 7.2

Table 4. Annual Value of Construction Put in Place in the United States
(Millions of dollars. Details may not add to totals due to rounding.)

Type of Construction Total Construction Residential Nonresidential Lodging Office Commercial Health care Educational Religious Public safety Amusement and recreation Transportation Communication Power Highway and street Sewage and waste disposal Water supply Conservation and development Manufacturing Total Private Construction 1 Residential Nonresidential Lodging Office Commercial Health care Educational Religious Public safety Amusement and recreation Transportation Communication Power Sewage and waste disposal Water supply Manufacturing Total Public Construction 2 Residential Nonresidential Office Commercial Health care Educational Public safety Amusement and recreation Transportation Power Highway and street Sewage and waste disposal Water supply Conservation and development
NA Not Applicable
1 p

2007p 1,161,322 531,238 630,084 29,922 65,359 85,398 45,037 98,441 7,538 9,866 20,555 31,305 26,200 49,784 77,139 24,603 15,601 5,690 37,646 873,969 524,153 349,816 28,806 55,377 81,845 36,867 16,620 7,523 510 9,334 8,697 26,100 39,542 340 428 37,262 287,353 7,085 280,267 9,982 3,552 8,170 81,822 9,356 11,221 22,609 10,242 76,675 24,263 15,173 5,588

2006 1,192,238 647,416 544,822 18,047 54,644 75,518 39,525 85,992 7,700 7,806 18,248 27,038 21,653 39,106 71,929 22,990 14,842 5,322 34,461 937,047 641,332 295,715 17,687 46,194 72,148 33,183 13,745 7,690 448 9,041 7,937 21,621 30,481 284 445 34,278 255,191 6,084 249,108 8,451 3,370 6,342 72,247 7,358 9,208 19,101 8,625 71,481 22,706 14,397 5,238

Percent change -2.6 -17.9 15.6 65.8 19.6 13.1 13.9 14.5 -2.1 26.4 12.6 15.8 21.0 27.3 7.2 7.0 5.1 6.9 9.2 -6.7 -18.3 18.3 62.9 19.9 13.4 11.1 20.9 -2.2 13.8 3.2 9.6 20.7 29.7 19.7 -3.8 8.7 12.6 16.5 12.5 18.1 5.4 28.8 13.3 27.2 21.9 18.4 18.7 7.3 6.9 5.4 6.7

Coefficient of Variation 0.6 4.4 0.6 1.8 1.7 2.2 1.5 1.3 2.9 2.5 2.8 1.9 NA 1.2 1.5 2.0 2.5 2.9 1.4 0.9 1.1 0.9 1.8 1.9 2.3 1.8 2.6 2.9 8.3 3.2 5.2 NA 1.3 17.8 15.9 1.3 0.7 4.4 0.7 3.2 4.4 2.0 1.5 2.6 4.5 2.0 3.0 1.5 2.0 2.5 3.0

Preliminary

Includes the following categories of private construction not shown separately: highway and street, and conservation and development. Includes the following categories of public construction not shown separately: lodging, religious, communication, and manufacturing.

2


								
To top