The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
April 03, 2023US CONSTRUCTION SPENDING, FEBRUARY 2023 Month over month (February 2023 vs January 2023, seasonally adjusted annual rate)
US construction spending decreased 0.1% to $1,844.1 billion. Total residential construction decreased 0.6% to $861.9 billion. Total non-residential construction spending increased 0.4% to $982.2 billion.
Private sector construction remained steady at $1,453.2 billion. Private residential construction decreased 0.6% to $852.1 billion, while private non-residential construction spending increased 0.7% to $601.0 billion.
Public sector construction decreased 0.2% to $391.0 billion. Public residential construction increased 0.1% to $9.8 billion, while public non-residential construction spending decreased 0.2% to $381.1 billion.
Year over year (February 2023 vs February 2022)
US construction spending was up 5.2%
- Total residential construction was down 5.5%
- Total non-residential construction was up 16.8%
- Private sector construction was up 3.3%
- Public sector construction was up 12.8%
Year to date (January-February 2023 vs January-February 2022)
US construction spending was up 6.0%
- Total residential construction was down 4.1%
- Total non-residential construction was up 16.9%
- Private sector construction was up 4.2%
- Public sector construction was up 13.2%
Source: US Census Bureau, retrieved from FRED, Federal Reserve Bank of St. Louis
<--- Return to Archive
