| Abstract: |
Data from the Economic Census provides detailed statistics on the construction industry; however, the data is only gathered every five years. The Bureau of Labor Statistics provides statistics on the construction industry on an annual basis, but these statistics do not contain the same detail as the Economic Census data. Both sources together, along with several additional data sources, can be used to generate estimates of annual detailed statistics on the construction industry. The purpose of this report is to provide a documented methodology for calculating annual detailed statistics on components of the construction industry supply chain. These estimates include values for facility design; facility construction; operation and use; renovation; demolition; contents and furnishings; materials, components, supplies, and fuels; maintenance and repair; water and energy use; and losses. The estimates presented in this report have greater accuracy than a naïve model and can be used by policy makers and stakeholders to improve efficiency and competitiveness in the construction industry. |
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