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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

October 01, 2020
US CONSTRUCTION SPENDING, AUGUST 2020

COVID-19 Impact: Operations to collect and publish this release have normalized and/or been adapted. The Census Bureau has monitored response and data quality and determined estimates in this release meet publication standards.

                                                               

Monthly (August 2020 vs July 2020)

  • US total construction spending increased 1.4 per cent from the previous month to $1,413 billion (seasonally adjusted annualized rate).
  • Total residential construction increased 3.7 per cent to $599 billion.
  • Total non-residential construction spending declined 0.1 per cent to $814 billion.
  • Private sector construction spending increased 1.9 per cent to $1,061 billion.
    • +3.7 per cent for private residential construction to $589 billion
    • -0.3 per cent for private non-residential construction to $472 billion
  • Public sector construction spending increased 0.1 per cent to $351 billion.
    • -0.7 per cent for public residential construction to $9 billion
    • +0.2 per cent for public non-residential construction to $342 billion

 

Compared with pre-COVID benchmark (August 2020 vs February 2020)

  • US total construction spending remains 2.0 per cent below the level from February 2020.
  • Total residential construction spending is 0.3 per cent below February 2020 levels.
  • Total non-residential construction spending is 3.1 per cent below February 2020 levels.
  • Private sector construction spending is 2.5 per cent below February 2020 levels:
    • -0.6 per cent for private residential construction
    • -4.8 per cent for private non-residential construction
  • Public sector construction spending is 0.3 per cent below February 2020 levels:
    • +19.7 per cent for public residential construction
    • -0.7 per cent for public non-residential construction

 

Year-over-year (August 2020 vs August 2019)

  • US construction spending is 2.5 per cent above the August 2019 estimate.
  • Total residential construction spending is 7.0 per cent above the August 2019 estimate.
  • Total non-residential construction spending is 0.7 per cent below the August 2019 estimate.
  • Private sector construction spending is up 1.5 per cent from August 2019:
    • +6.7 per cent for private residential construction
    • -4.3 per cent for private non-residential construction
  • Public sector construction spending is up 5.5 per cent from August 2019:
    • +37.0 per cent for public residential construction
    • +4.8 per cent for public non-residential construction

 

Source: US Census Bureau



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