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
October 2020
Seasonally Adjusted
Annual Rate |
Not Seasonally Adjusted
|
||||||
(millions of dollars) |
(millions of dollars) |
||||||
| Total |
1,438,515 |
128,008 |
|||||
| Private |
1,093,730 |
96,314 |
|||||
| Residential
|
637,138 |
56,462 |
|||||
| Nonresidential |
456,592 |
39,852 |
|||||
| Public |
344,785 |
31,694 |
|||||
| State
and Local |
316,913 |
29,472 |
|||||
| Federal |
27,872 |
2,223 |
|||||
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Announcements
FRED Mobile App: Receive the latest updates on the nation's key economic indicators by downloading the FRED App for both Apple and Android devices.FRED, the signature database of the Federal Reserve Bank of St. Louis, now incorporates the Census Bureau's 13 economic indicators.
The URL for the economic indicators data in the Census Bureau API (Application Programming Interface) has been updated to add /timeseries/. Examples can be found on the Developers' webpage. The old URL will be discontinued on December 31, 2016.
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