School districts in the United States spent just under $13 billion on construction projects completed during the 2012 calendar year. Only $6.2 billion of that was spent on new schools, accounting for 47.6 percent of the construction dollars. The balance was split between additions to existing buildings and retrofit and modernization of existing structures. This is the first time in 12 years that spending for new buildings was less than spending on existing ones.
In 2011, $12.2 billion worth of school construction was put in place. That's a lot of money, but put it in perspective. From 2000 through 2008, school construction averaged more than $20 billion annually. The demand for school space and improved facilities has not lessened - the number of children schools serve continues to rise - but, as a consequence of the 2008 recession, combined with the anti-tax sentiment it spawned, the money has dried up.
Total school construction fell in 2010, but even so, more than $14.5 billion dollars of construction was put in place making schools one of the largest construction markets in the United States. Read about this and more in the 16th Annual School Construction Report.
Last yearís projections proved to be very accurate. School construction in 2009 fell 16 percent from one year ago, to just $16.4 billion, the lowest total for school construction since 1998. The 15th Annual Construction Report gives the details and a synopsis.
School construction remains high, but not as high as it has been over the last eight years. Projections for the future (projects expected to be completed and/or started in 2009) show a significant decline. Capital budgets may be in place, but the economic hard times that are affecting all of us and forcing cuts in many local school programs are also having an effect on construction planning. How much, and to some extent where and why, is the focus of this report.
School construction completed in 2007 — including new buildings, additions to existing buildings, and major retrofit of existing buildings — totaled almost $20.8B, a significant increase over the $20.1B spent on construction completed in 2006.
School construction completed in 2006 totaled just more than $20 billion, a drop of seven percent from the record $21.6 billion put in place in 2005. Even so, it was the sixth year in the last seven that annual construction exceeded $20 billion. During the seven years of the present century, school districts have completed construction projects totaling more than $145 billion.
SP&Mís annual survey of school construction statistics including projects completed during 2005, projected completions for 2006, and projects that will begin construction during 2006. In addition to national figures, statistics are broken down to provide detail for 12 regions of the nation, as well as the types of construction being planned or completed.
School construction in the United States dipped below $20 billion in 2003, the first time that had happened in the 21st Century, setting off alarm bells that the school construction boom might be fading. That concern appears to be unfounded. In 2004, school districts in the United States once again completed more than $20 billion worth of construction and the probability is that at least that much will be completed during the current calendar year.
School construction in the United States fell to below $20 billion in 2003, the first time it has been that low in the 21st Century. The margin was not great ó $19,961,632,000 worth of construction was completed last year ó but the trend could be significant. School districts are projecting that they will complete slightly less construction this year ($19.7 billion), and that they will start construction projects totaling even less ($18.6 billion).
More school construction was put in place in the United States in 2002 than in any other year in history. Altogether, projects estimated to have cost $21.6 billion were completed in 2002. The previous high for a single year occurred in 2000, when $21.1 billion was completed.
School construction valued at $20.3 billion was completed during calendar year 2001, the second consecutive year that more than $20 billion worth of school construction was put in place. If projections of work scheduled to be completed in the current year hold up, 2002 will be the third year in a row during which school construction completed topped $20 billion. The SP&M Construction Report provides information on expenditures for new construction, additions and retrofits in the U.S. It addition, it provides regional and national medians and a profile of what these new school will provide.
More money was spent on school construction in the year 2000 than in any previous 12-month period. Total construction topped $21 billion, a huge 17.7 percent more than was spent in 1999, which was previously the biggest construction year, with $18 billion. The increase was not unexpected: School districts surveyed a year ago predicted that $21.48 billion worth of construction would be completed in 2000. The SP&M Construction Report provides information on expenditures for new construction, additions and retrofits in the U.S. It addition, it provides regional and national medians and a profile of what these new school will provide.
School construction is a big and growing business in virtually every part of our nation. It is so big that in 1999 almost $18 billion worth of school construction was completed, and in the year 2000, school districts are planning to start almost $23 billion worth of work. The SP&M Construction Report provides information on expenditures for new construction, additions and retrofits in the U.S. It addition, it provides regional and national medians and a profile of what these new school will provide.