Month-to-month Building Spending, September 2024, Census Bureau
Building spending estimates are comprised of estimates based mostly on mail-out/mail-back and interview surveys of chosen development initiatives and constructing homeowners, and estimates developed or compiled from different Census Bureau, federal company, and personal information sources.
Whole Building
Building spending throughout September 2024 was estimated at a seasonally adjusted annual charge of $2,148.8 billion, 0.1 tenth of 1 % (±1.0 %)* above the revised August estimate of $2,146.0 billion. The September determine is 4.6 % (±1.6 %) above the September 2023 estimate of $2,055.2 billion. Throughout the first 9 months of this 12 months, development spending amounted to $1,621.4 billion, 7.3 % (±1.2 %) above the $1,511.4 billion for a similar interval in 2023.
Non-public Building
Spending on non-public development was at a seasonally adjusted annual charge of $1,653.6 billion, just about unchanged from (±0.5 %)* the revised August estimate of $1,653.2 billion.
Residential development was at a seasonally adjusted annual charge of $913.6 billion in September, 0.2 tenths of 1 % (±1.3 %)* above the revised August estimate of $912.2 billion.
Nonresidential development was at a seasonally adjusted annual charge of $740.0 billion in September, and 0.1 tenth of 1 % (±0.5 %)* beneath the revised August estimate of $741.0 billion.
Public Building
In September, the estimated seasonally adjusted annual charge of public development spending was $495.2 billion, 0.5 of 1 % (±1.8 %)* above the revised August estimate of $492.9 billion.
Academic development was at a seasonally adjusted annual charge of $104.2 billion, 0.3 tenths of 1 % (±2.1 %)* above the revised August estimate of $103.9 billion.
Freeway development was at a seasonally adjusted annual charge of $141.0 billion, 0.5 tenths of 1 % (±4.4 %)* above the revised August estimate of $140.3 billion.
