February sees small drop in construction nationwide

New York /
Apr.April 02, 2012 11:00 AM

Construction in the U.S. dropped by a little more than 1 percent in February, according to data that measure the dollar value of the volume of construction performed nationwide, released by the U.S. Census Bureau today.

The $808.9 billion spent on construction in the U.S. was down 1.1 percent from December’s total of $818.1 billion. Of that, $527.29 million was spent privately, with $280.84 million spent on residential construction, relatively even from the amount spent in January — $246.39 million — and up 5.6 percent year-over-year, from $233.40 in February 2011.

On lodging, office and other commercial construction, $246.45 million was spent privately, down 1.6 percent month-over-month, to $285.31 million. That amount also reflects a 14.5 percent increase year-over-year, up from $245.3 million.

In terms of publicly funded construction, $7 million was spent on residential construction, down 1 percent from $7.08 million the month prior, and 21.9 percent from last year, when $8.97 million was spent. Whereas on the commercial side, $274.55 million was spent in February, according to the numbers — down 1.7 percent, from $279.30 million month-over-month, and 0.7 percent year-over-year, from $276.53 million. — Guelda Voien


Related Articles

arrow_forward_ios
Construction labor management platform Bridgit raises $24M
Construction labor management platform Bridgit raises $24M
Construction labor management platform Bridgit raises $24M
Lennar, Icon teaming up on 3D-printed development
Lennar, Icon teaming up on 3D-printed development
Lennar, Icon teaming up on 3D-printed development
Assembly OSM cofounders William and Christopher Sharples with an illustration of the building design (AOSM)
Modular construction firm founded by SHoP principals unveils first apartment
Modular construction firm founded by SHoP principals unveils first apartment
Donal O’Sullivan (Image via Navillus)
Ex-Navillus CEO found guilty of cheating unions
Ex-Navillus CEO found guilty of cheating unions
George Gleason (Bank OZK)
Bank OZK loan originations reach highest level since 2017
Bank OZK loan originations reach highest level since 2017
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
AI con-tech startup Togal.ai launches product automating takeoffs
AI con-tech startup Togal.ai launches product automating takeoffs
AI con-tech startup Togal.ai launches product automating takeoffs
Procore’s Levelset purchase a “Trojan horse” in battle for market dominance
Procore’s Levelset purchase a “Trojan horse” in battle for market dominance
Procore’s Levelset purchase a “Trojan horse” in battle for market dominance
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...