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New Residential Construction

Building permits in October 2014 were at a seasonally adjusted annual rate (SAAR) of 1,080,000, up 4.8 percent from the revised September rate and up 1.2 percent from October 2013.

Housing starts in October 2014 were at a SAAR of 1,009,000, down 2.8 percent from September and up 7.8 percent from October 2013.

Statement from U.S. Commerce Secretary Penny Pritzker on the Advance Estimate of GDP in the third quarter of 2014

WASHINGTON — The Commerce Department's Bureau of Economic Analysis today reported that real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter of 2014, according to today’s first, or “advance” estimate, exceeding expectations of private-sector forecasters.

New Residential Construction

Privately-owned housing starts in September 2014 were at a seasonally adjusted annual rate of 1,017,000. This is 6.3 percent (+/- 9.3%)* above the revised August 2014 estimate of 957,000.

On Wednesday - STRATA + Hadoop World: Government Statistics in the Era of Big Data

For Immediate Release Contact: Austin Durrer (c) 202-957-6075

Under Secretary Mark Doms Featured at NYC STRATA+ Hadoop World Conference

Chief Economist Sue Helper Celebrates Manufacturing Day at The Rodon Group

Hatfield, PA – Department of Commerce Chief Economist, Dr. Sue Helper and Acting Manufacturing Extension Partnership Director Phillip Singerman visited the Rodon Group in Hatfield, Pennsylvania, as part of the nationwide Manufacturing Day event on Friday, October 3rd. The Rodon Group is a plastic injection molding company that makes billions of parts each year.

What is Made In America?

Accurately determining how much of our economy’s total production is American-made can be a daunting task. However, data from the Commerce Department’s U.S. Census Bureau and the Bureau of Economic Analysis (BEA) can help shed light on the dollar value of what America produces, and what percentage of the dollar value of an industry’s output that is considered domestic. Gross output, value added, domestically-sourced inputs, and domestic content are all concepts that can be used to measure U.S. production and to estimate how much of that production is made in the United States.

Behind the Official Label: What is “Made in America?”

Washington D.C. – The U.S. Department of Commerce’s Economics and Statistics Administration (ESA) today released a new report that seeks to quantitatively answer the question of what is truly made in the U.S.A.? As part of our celebration of manufacturing week, we leverage data to answer this question by illuminating the dollar value of what America produces, and what percentage of the dollar value of an industry’s output is considered domestic.

Under Secretary Mark Doms Celebrates Manufacturing Day at Zentech Site Visit

Baltimore, MD – Department of Commerce Under Secretary for Economic Affairs Mark Doms participated in the nationwide Manufacturing Day event by visiting Baltimore’s high-tech Zentech Manufacturing, Inc. Doms is part of an Administration-wide effort to celebrate American manufacturers on National Manufacturing Day.

GDP Turns up in Second Quarter

Real gross domestic product (GDP) increased 4.6 percent in the second quarter of 2014, according to the “third” estimate released by the Bureau of Economic Analysis. The second-quarter growth rate was revised up 0.4 percentage point from the “second” estimate released in August. In the first quarter, real GDP decreased 2.1 percent.

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