Commercial, industrial & institutional (CII) construction spending
By Jim Haughey, Reed Business Information Economist
January 1, 2005
Building Design and Construction
(Billions of current dollars)
Spending in Oct. 2004
Percent change from Oct. 2003
Spending in year-to-date 2004**
Percent change from year-to-year 2003
2003 total spending
Annual percent change
2003
2004(f)
2005(f)
CII Total *
$284.62
3.2%
$279.62
3.1%
$270.85
-1.5%
4.3%
11.5%
Lodging
14.04
25.6
12.56
12.8
10.98
-0.2
17.2
21.5
Office
43.53
-0.1
43.72
6.1
41.46
-10.0
5.9
11.0
Commercial
65.99
4.7
64.59
3.5
62.21
-2.0
5.4
10.9
Healthcare
32.69
7.8
32.49
8.5
30.01
6.9
9.5
10.7
Educational
77.00
4.0
75.42
1.5
74.17
3.1
2.4
9.0
Religious
8.07
-5.1
8.14
-5.4
8.49
2.1
-3.3
11.3
Public Safety
8.18
-14.9
8.58
-5.4
9.05
-4.2
-4.8
10.4
Amusement & Recreation
19.58
-5.2
19.80
-1.8
20.15
1.5
-1.0
9.6
Manufacturing
15.53
3.6
14.34
-0.4
14.34
-14.1
1.9
24.9
Multifamily
46.81
9.6
45.49
9.2
41.77
7.1
11.3
-0.5
* Includes miscellaneous buildings not listed ** In billions of dollars, not inflation adjusted Source: U.S. Department of Commerce; forecast (f): Reed Business Economics