Graph and download economic data for Total Construction Spending: Total Construction in the United States (TTLCONS) from Jan 1993 to Jan 2025 about headline figure, expenditures, construction, and USA.

Construction Spending in the United States decreased 0.20 percent in January of 2025 over the previous month. This dataset provides the latest reported value for - United States Construction Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Total Public Construction Spending: Total Construction in the United States (TLPBLCON) from Jan 1993 to Jan 2025 about public, expenditures, construction, and USA.

The new constructions put in place in the United States in 2023 were valued at almost two trillion U.S. dollars. In the coming years, the value of construction is expected to keep growing, reaching roughly 2.3 trillion U.S. dollars in 2028. Construction spending has been growing steadily over the last couple of years. Up to 2021, residential building construction spending also increased.

U.S. spending on private construction continued to grow in 2024 and was over three times larger than construction spending in the public sector. Texas and California were at the top of the ranking when observing construction spending within the 50 U.S. states. According to a forecast, the value of U.S. construction put in place is expected to keep rising until 2025. Road construction spending: predicted to grow The value of road construction until 2026 was expected to reach the highest recorded values since 2005. However, data suggest that the United States still needs to catch up. When comparing infrastructure spending as share of GDP across various countries worldwide, the average spending of the United States was much lower than that of many other countries. How much have U.S. construction costs changed? Construction costs for housing varied significantly per city, with single-family homes in Honolulu, San Francisco and New York among the most expensive. During the past years, building costs grew in most of the U.S. big cities at a fast pace. Whilst there are many reasons why this occurred – supply and demand, or local zoning rules making it difficult to build – there is one that became especially noticeable in the past years: the prices of many important building materials went up significantly.

Graph and download economic data for Total Construction Spending: Power in the United States (TLPWRCON) from Jan 2002 to Jan 2025 about expenditures, construction, and USA.

Based on planned construction development over the next few years, the value of non-residential construction put in place in 2028 in the United States is expected to reach roughly 870 billion U.S. dollars. Non-residential construction can include segments like the construction of lodging, offices, commercial buildings, health care, and education. Generally, the U.S. construction industry is linked to the economic wellbeing of the country. Construction industry needs Within the non-residential building industry, commercial building construction in the U.S. increased considerably in 2022. However, the construction industry faces challenges such as the rising construction costs. The modernization of a typically conservative industry will be important in the near future to support customer demands and to improve operation models. Integrating sustainable building processes and features in projects as well as establishing technological advancements like building information modeling (BIM) will be essential for the future of the construction industry. Non-residential vs. residential During the past years, new residential construction in the United States usually had a higher value than non-residential construction. Until 2019, the values of new residential and non-residential construction had remained fairly similar. However, the value of new residential construction started quite fast between 2020 and 2022. Nevertheless, the number of permits for private housing construction started decreasing in late 2022 and early 2023.

The U.S. Census Bureau provides monthly estimates of the total dollar value of construction work done in the United States as part of the Value of Construction Put in Place Survey (VIP). Includes construction related to pavement, lighting, retaining walls, tunnels, bridges, toll/weigh facilities, maintenance buildings, and rest facilities.

The value of public residential construction spending in the United States has risen significantly from 2019 to 2024. In 2019, the public sector spent nearly 6.89 billion U.S. dollars on residential construction projects, while that figure reached 11.7 billion U.S. dollars in 2024. The overall value of new residential construction put in place in the U.S. is expected to increase over the coming years.

In 2024, the public non-residential construction spending put in place in the United States increased, reaching roughly 481 billion U.S. dollars. In comparison, a decade earlier, in 2012, this type of construction was valued at just 273 billion U.S. dollars. The category non-residential refers to the construction of infrastructure and buildings for hospitality, education, offices, healthcare, public safety and other usages.

Total Construction Spending: Total Construction in the United States was 118910.00000 Mil. of $ in February of 2022, according to the United States Federal Reserve. Historically, Total Construction Spending: Total Construction in the United States reached a record high of 149196.00000 in August of 2021 and a record low of 30264.00000 in February of 1993. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Construction Spending: Total Construction in the United States - last updated from the United States Federal Reserve on March of 2025.

Manufacturing was the type of non-residential construction segment with the highest spending figures in the United States in 2024. The commercial segment includes warehouses and buildings for the automotive industry, such as parking. Additionally, the value of construction for commercial and educational buildings were also among the highest of the segments included here.

Total Construction Spending: Educational in the United States was 134701.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, Total Construction Spending: Educational in the United States reached a record high of 134701.00000 in January of 2025 and a record low of 70897.00000 in January of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Construction Spending: Educational in the United States - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Total Private Construction Spending: Commercial in the United States (PRCOMCONS) from Jan 1993 to Jan 2025 about expenditures, commercial, construction, private, and USA.

This graph represents the value of transportation construction put in place in the United States from 2008 to 2019. In 2019, U.S. transportation construction spending reached just about 54.7 billion U.S. dollars.

Graph and download economic data for Total Construction Spending: Nonresidential in the United States (TLNRESCONS) from Jan 2002 to Jan 2025 about nonresidential, expenditures, construction, and USA.

The U.S. Census Bureau provides monthly estimates of the total dollar value of construction work done in the United States as part of the Value of Construction Put in Place Survey (VIP). Includes construction related to passenger terminals, runways, pavement and lighting, hangars, air freight terminals, space facilities, air traffic towers, aircraft storage and maintenance buildings.

The value of new residential construction put in place in the United States fell in 2023, and it is expected to decrease again in 2024. These figures refer to the construction of single-family and multi-family housing, as well as to the value of the home improvements segment, which includes additions, alterations and major replacements. Non-residential construction spending is rose significantly in 2023.

Graph and download economic data for Total Construction Spending: Residential in the United States (TLRESCON) from Jan 2002 to Jan 2025 about residential, expenditures, construction, and USA.

Total Private Construction Spending: Residential in the United States was 932712.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, Total Private Construction Spending: Residential in the United States reached a record high of 980391.00000 in May of 2022 and a record low of 190185.00000 in March of 1993. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Private Construction Spending: Residential in the United States - last updated from the United States Federal Reserve on March of 2025.