This article first appeared in the 200308
issue of BD+C.
Nonresidential building construction spending
(Billions of current dollars)
| Spending in June 2003* | Percent change from June 2002 | Spending in year-to-date 2003** | Percent change from year-to-date 2002 | 2002 total spending | Annual percent change 2002 | 2003 (f) | 2004 (f) | |
| Nonres. bldgs total*** | $26.75 | -1.4% | $26.02 | -4.8% | $27.76 | -7.7 | -1.9 | 6.9 |
| Commercial | 6.11 | 0.1 | 5.97 | -7.3 | 6.52 | -7.6 | -2.0 | 6.0 |
| Office | 4.45 | -9.5 | 3.97 | -14.9 | 4.90 | -21.4 | -10.4 | 7.6 |
| Lodging | 1.05 | -1.2 | 1.00 | -10.3 | 1.27 | -29.1 | 1.0 | 12.1 |
| Manufacturing | 1.69 | -21.2 | 1.37 | -26.4 | 2.27 | -43.7 | -18.0 | 18.9 |
| Healthcare | 2.85 | 8.4 | 2.97 | 12.9 | 2.45 | 17.4 | 9.7 | 8.0 |
| Education | 6.92 | 1.4 | 7.05 | 0.9 | 6.78 | 11.5 | 0.4 | 4.4 |
| Religious | 0.80 | 4.2 | 0.83 | -1.8 | 0.85 | -1.8 | 2.4 | 5.4 |
| Public Safety | 0.83 | -6.4 | 0.81 | -7.6 | 0.79 | 7.8 | -3.6 | 3.2 |
| Amusement & Recreation | 1.84 | 5.6 | 1.91 | 1.5 | 1.87 | -2.2 | 2.9 | 5.6 |
| Multifamily | 3.89 | -2.8 | 3.87 | 0.1 | 3.71 | 10.8 | -0.7 | -0.3 |
| * Seasonally adjusted annual rate ** In billions of dollars, not inflation adjusted *** Includes misc. buildings not listed Source: U.S. Department of Commerce; forecast (f): Reed Business Economics | ||||||||
