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
August 2022
Seasonally Adjusted
Annual Rate |
Not Seasonally Adjusted
|
||||||
(millions of dollars) |
(millions of dollars) |
||||||
| Total |
1,781,278 |
165,540 |
|||||
| Private |
1,425,963 |
129,860 |
|||||
| Residential
|
912,913 |
85,324 |
|||||
| Nonresidential |
513,051 |
44,536 |
|||||
| Public |
355,314 |
35,680 |
|||||
| State
and Local |
330,337 |
33,400 |
|||||
| Federal |
24,977 |
2,280 |
|||||
Time Series/Trend Charts: Create your own customizable time series
Announcements
10/01/21 - Statement Regarding Natural Disasters: For information on the impact of natural disasters, including hurricanes, on the compilation of this report, please see the Natural Disaster FAQs.
Notice: The U.S. Census Bureau is pleased to announce a new look for our Economic Briefing Room! Check out the new mobile-friendly format. For each principal economic indicator, find a card with a data summary, the percent change from the prior month and prior year, the date of the most recent release and the next release, and links to more information.
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