The U.S. Census Bureau announced the following value put in place construction statistics for September 2024: Total Construction – Construction spending during September 2024 was estimated at a seasonally adjusted annual rate of $2,148.8 billion, 0.1 percent (±1.0 percent)* above the revised August estimate of $2,146.0 billion. The September figure is 4.6 percent (±1.6 percent) above the September 2023 estimate of $2,055.2 billion. During the first nine months of this year, construction spending amounted to $1,621.4 billion, 7.3 percent (±1.2 percent) above the $1,511.4 billion for the same period in 2023. Private Construction – Spending on private construction was at a seasonally adjusted annual rate of $1,653.6 billion, virtually unchanged from (±0.5 percent)* the revised August estimate of $1,653.2 billion. Residential construction was at a seasonally adjusted annual rate of $913.6 billion in September, 0.2 percent (±1.3 percent)* above the revised August estimate of $912.2 billion. Nonresidential construction was at a seasonally adjusted annual rate of $740.0 billion in September, 0.1 percent (±0.5 percent)* below the revised August estimate of $741.0 billion. Public Construction – In September, the estimated seasonally adjusted annual rate of public construction spending was $495.2 billion, 0.5 percent (±1.8 percent)* above the revised August estimate of $492.9 billion. Educational construction was at a seasonally adjusted annual rate of $104.2 billion, 0.3 percent (±2.1 percent)* above the revised August estimate of $103.9 billion. Highway construction was at a seasonally adjusted annual rate of $141.0 billion, 0.5 percent (±4.4 percent)* above the revised August estimate of $140.3 billion.
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
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