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Economic, US News

1,000-Word Chart: U.S. Put-in-Place Construction Spending

Alex Carrick
1,000-Word Chart: U.S. Put-in-Place Construction Spending

Due to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs.

At the same time, though, there are many topics (e.g., relating to demographics, housing starts, etc.) that cry out for compelling ‘shorthand’ visualizations.

Whichever path is followed, the point of the journey, almost always, is to reach a bottom line or two.

To provide additional value, ConstructConnect is now pleased to offer an ongoing series of 1,000-word charts.

These will help readers sort out the ‘big picture’ more clearly.

This 1,000-word chart looks at the Census Bureau’s latest put-in-place construction spending numbers, as of January 2021.

Census Bureau’s Latest Put-in-Place Construction Spending Numbers – January 2021
Most apparent from the PIP numbers is the strength in residential construction. Nonres in this latest January was down (-5.0%) compared with the same month of last year, but it was about even (+0.9%) with December 2019 on a SA basis.
NSA is not seasonally adjusted / SA is seasonally adjusted. Year to date (YTD) after only one month of 2021 is Jan 2021/Jan 2020.
Data source: Census Bureau.
Chart: ConstructConnect.

Alex Carrick is Chief Economist for ConstructConnect. He has delivered presentations throughout North America on the U.S., Canadian and world construction outlooks. Mr. Carrick has been with the company since 1985. Links to his numerous articles are featured on Twitter @ConstructConnx, which has 50,000 followers.

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