United States Construction Spending

Last Release

Sep 30, 2024

Actual

0.1

Units In

-0.1

Frequency

Monthly

Next Release

Dec 02, 2024

Time to Release

29 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
5.9 Apr 1978	-4.8 Feb 1975	0.44 %	1964-2024	U.S. Census Bureau

Construction Spending refers to monthly estimates of the total dollar value of construction work done on new structures or improvements to existing structures for private and public sectors each month in the United States. In 2016, private construction spending accounted for 75 percent of total spending and public for 25 percent. Spending in non-residential construction represented 60 percent of total and residential accounted for 40 percent.

Latest Updates

Construction spending in the United States rose by 0.1% month-over-month to a seasonally adjusted annual rate of $2,148.8 billion in September 2024, slightly exceeding forecasts that anticipated no growth. Private spending was flat in the period, with the residential segment up by 0.2% and the non-residential one falling by 0.1%. On the other hand, public spending increased by 0.5%, driven by a 2.3% rise in the residential segment and, to a lesser extent, a 0.4% increase in the non-residential segment. Yearly, construction spending grew by 4.6% in September.