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Construction put in place during September 2000 was estimated at a seasonally adjusted annual rate of $819.3 billion, 2 (+/-5) percent above the revised August estimate of $800.3 billion, according to the U.S. Commerce Department's Census Bureau. The September figure represents a 9 percent increase over September 1999.
During the first 9 months of this year $603.2 billion of construction was put in place, 6 percent above the $568.3 billion for the same period in 1999.
In constant (1996) dollars, the September annual rate was $713.0 billion, 2 (+/-5) percent above the revised estimate of $697.3 billion for August.
Spending on new residential housing units was at a seasonally adjusted annual rate of $251.7 billion in September, 1 (+/-2) percent below the revised August estimate of $253.9 billion. Nonresidential building construction was at a rate of $229.1 billion, 3 (+/-3) percent above the revised August estimate of $221.6 billion.
In September, the estimated seasonally adjusted annual rate of public construction put in place was $188.5 billion, 3 (+/-5) percent above the revised August estimate of $182.2 billion.
