• Construction-put-in-place falls in November

    Private residential, private nonresidential, and public construction all saw increases
    Jan. 10, 2005

    Private residential, private nonresidential, and public construction all saw increases

    The Census Bureau recently reported that November’s construction-put-in-place totaled $1.013 billion at a seasonally adjusted rate. This figure is 0.4% less than October’s revised total of $1.017 billion but higher than the original estimate for October. On a year-to-date basis, spending for the first 11 months of 2004 was up 9% over the same 11 months in 2003.

    Private residential construction was 14% higher year-to-date, while private nonresidential and public construction were both 3% higher. Within private nonresidential construction, general merchandise (+26%) non-mall shopping centers (+19%), lodging (+17%) year-to-date, health-care (+10%), and office construction (+5.5%) were all up. On the downside were electric power (–11%), warehouse (–5.5%), educational (–4%), and manufacturing (–1%).

    Within public construction, highways and streets and educational were both up +4%, as were sewage and waste disposal (+7.5%), office (+5%), and transportation (+1%), while amusement and recreation was down (–9%). All of the private residential categories saw increases: new single-unit (+20%), new multi-unit (+9%), and improvements (+3.5%). The figures aren’t adjusted for inflation.

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