Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Units:  Millions of 1947-1949 Dollars, Not Seasonally Adjusted

Frequency:  Annual

Notes:

This Series Represents One Component Of The Official Series On New Public Construction. Monthly Data Are Available In The Source For 1939-62. The Data Include All Federally Owned Construction Projects At Military Establishments Except For: (1) Capehart Housing, And Rehabilitation Of Wherry Housing For The Armed Services (2) Industrial Facilities, And (3) The Corps Of Engineers-Civil Works Program. Military Construction By States Such As Armories And Rifle Ranges, Is Excluded. Types Of Projects Covered Include Troop Housing, Administration And Training Buildings, Warehouses, Mess Halls, Recreation Centers, Educational Facilities, Hospitals, Airfields, Missile Sites, Fleet Facilities, Communication Networks, Etc. Estimates Of Value Of Construction Put In Place Are Based On Monthly Reports From The Agencies Supervising Construction; Or, For Programs Consisting Of A Number Of Small Projects, On Annual Data From The Federal Budget. See Introductory Notes On Bls-Dept. Of Commerce Data For More Information. For Details On The Deflating Index Used To Derive The Constant Dollar Estimates Of This Ser- Ies, See Lipsey & Preston, Pp. 266-67. In This Series, The 1915-46 Figures Are Shown In 1947-49 Dollars; And The 1946-62 Figures In 1957-59 Dollars. The Series Is Continuous In The Source Except For The Change In The Base. The Values In 1947-49 Dollars Can Be Converted To Approximate Estimates In 1957-59 Dollars By Multiplying By A Conversion Factor Of 1.353. Source: Bureau Of Labor Statistics; Business And Defense Services Administration, Dept. Of Commerce; Bureau Of The Census (See Note)

This NBER data series a02228a appears on the NBER website in Chapter 2 at http://www.nber.org/databases/macrohistory/contents/chapter02.html.

NBER Indicator: a02228a