United States Construction Spending

Last Release

Nov 30, 2024

Actual

Units In

0.4

Frequency

Monthly

Next Release

Feb 03, 2025

Time to Release

30 Days 14 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 stalled month-over-month to a seasonally adjusted annual rate of $2,153 billion in November 2024, following an upwardly revised 0.5% increase in October and missing market forecasts of a 0.3% rise. Private spending edged up by 0.1% in the period, after increasing by 0.6% in October, with the residential segment rising by 0.1% and the non-residential one stagnating. On the other hand, public spending fell by 0.1%, after easing by the same margin in October, as the 1.6% increase in the residential was partly offset by a 0.2% decrease in the non-residential segment. Yearly, construction spending grew by 3% in November.