This press release is available on the date of issue through:
1. The internet at http://www.census.gov/const/c30_curr.html
2. The Commerce Department’s on-line Economic Bulletin Board (EBB) and STAT-USA/Fax services. For more information, telephone
BUREAU OF THE CENSUS
FOR RELEASE 10:00 AM EDT, MONDAY, OCTOBER 1, 2001
For Data - (301) 457-4673
For Questions - Michael Davis, Joe Huesman or Linnet Holland
(301) 457-1605 or (301) 457-4818
AUGUST 2001 CONSTRUCTION AT $845.5 BILLION ANNUAL RATE
Construction put in place during August 2001 was estimated at a seasonally adjusted annual rate of $845.5 billion, 1 (±5) percent below the revised
July estimate of $854.6 billion, according to the U.S. Commerce Department's Census Bureau. The August figure represents a 5 (±5) percent
increase over August 2000.
During the first 8 months of this year $563.1 billion of construction was put in place, 6 percent above the $529.5 billion for the same period in 2000.
In constant (1996) dollars, the August annual rate was $710.0 billion, 1 (±5) percent below the revised estimate of $719.2 billion for July.
Spending on new residential housing units was at a seasonally adjusted annual rate of $278.6 billion in August, nearly the same (±2 percent) as
the revised July estimate of $279.3 billion. Nonresidential building construction was at a rate of $196.7 billion, 4 percent below the revised July
estimate of $204.0 billion.
In August, the estimated seasonally adjusted annual rate of public construction put in place was $201.2 billion, nearly the same (±5 percent) as
the revised July estimate of $201.3 billion.
September 2001 data will be released on November 1, 2001 at 10:00 AM EST.
In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements which
may be irregular. It may take 2 months to establish an underlying trend for total construction and as long as 8 months fo