U.S. construction falls slightly in February

Miami /
Apr.April 02, 2012 02:15 PM

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
Rendering of Plantation apartments with PGIM's Eric Adler and Stiles Corp's Ken Stiles (Stiles)
Stiles, PGIM buy Plantation multifamily dev site from synagogue, score $64M financing
Stiles, PGIM buy Plantation multifamily dev site from synagogue, score $64M financing
Frank Mendez with Patricio Cordero (inset) and the property (Linkedin, Google Maps)
Pinecrest homeowners fight lien from celebrity builder they allege was running a kickback scheme
Pinecrest homeowners fight lien from celebrity builder they allege was running a kickback scheme
(iStock)
South Florida construction starts fall in January
South Florida construction starts fall in January
Christopher Mills and Brad Meltzer (Plaza Construction)
Plaza Construction promotes two executives, relaunches homes division
Plaza Construction promotes two executives, relaunches homes division
(iStock)
South Florida construction starts rise in December, end the year down 25%
South Florida construction starts rise in December, end the year down 25%
(iStock)
South Florida construction starts fall in November
South Florida construction starts fall in November
(iStock)
South Florida October construction starts drop, year-over-year
South Florida October construction starts drop, year-over-year
Aria Mehrabi and renderings of the projects
Target-anchored mixed-use project planned for North Beach advances
Target-anchored mixed-use project planned for North Beach advances
arrow_forward_ios

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

Loading...