The US Census Bureau’s delayed Value of Construction Put in Place Survey, covering the months of September and October, was released this morning. The stats listed below from the report are calculated using the seasonally adjusted annual rate.
For the month of September, the total construction compared to August saw a decrease of 0.3%, dropping from $903.8 billion to $901.2 billion. Total residential construction between August and September witnessed an almost 1.5% increase from $329.66 billion to $334.49 billion.
The report indicates a slight decrease of 0.5% in the total construction from September to October of this year, while showing an increase this year compared to October of last year of 5.3%. Total residential construction saw a small decrease of 0.5% from September to October 2013, putting total residential construction for October at $332.89 billion. This slight decrease, however, represented a 17.4% increase from October 2012 to October of this year.
Total private residential construction amounted to $326.86 billion in October, a 0.6% decrease from the previous month, yet a 17.8% increase from the previous year. Meanwhile, total public residential construction for October of this year amounted to $6.02 billion. This represents a 4.6% increase from September and a 1.0% decrease from October of last year.
Data for November 2013 will be released on January 2, 2014.
Click here to read the full report.
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