Graph and download economic data for FOMC Summary of Economic Projections for the Fed Funds Rate, Median (FEDTARMD) from 2025 to 2027 about projection, federal, median, rate, and USA.

Graph and download economic data for Commercial Bank Interest Rate on Credit Card Plans, All Accounts from Nov 1994 to May 2025 about credit cards, consumer credit, loans, consumer, banks, interest rate, depository institutions, interest, rate, and USA.

The FR 2835 collects interest rates on loans for new vehicles and loans for other consumer goods and personal expenses from a sample of commercial banks and the FR 2835a collects interest rates, finance charges, and loan balances for credit card accounts from a sample of commercial banks. The data from these reports help the Board analyze current household financial conditions and the implications of these conditions for household spending and, as such, these data provide valuable input to the monetary policymaking process. The data are also used to create aggregate statistics on consumer loan terms that are published in the Federal Reserve's monthly statistical releases G.19 Consumer Credit and G.20 Finance Companies, and in the Federal Reserve Bulletin. Some of the aggregates are used by the Board in the calculation of the aggregate household debt service and financial obligations ratios for the Federal Reserve's quarterly Financial Obligations statistical release and by the Bureau of Economic Analysis to calculate interest paid by households as part of the National Income and Product Accounts.

United States - Commercial Bank Interest Rate on Credit Card Plans, All Accounts was 21.16% in May of 2025, according to the United States Federal Reserve. Historically, United States - Commercial Bank Interest Rate on Credit Card Plans, All Accounts reached a record high of 21.76 in August of 2024 and a record low of 11.82 in August of 2014. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Commercial Bank Interest Rate on Credit Card Plans, All Accounts - last updated from the United States Federal Reserve on August of 2025.

United States - Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest was 22.25% in May of 2025, according to the United States Federal Reserve. Historically, United States - Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest reached a record high of 23.37 in August of 2024 and a record low of 11.96 in February of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Federal Government Defined Contribution Retirement Funds; Treasury Securities Held by Thrift Savings Plan F Fund; Asset, Transactions (BOGZ1FA343061113Q) from Q4 1946 to Q1 2025 about thrifts, retirement, contributions, savings, transactions, Treasury, securities, federal, assets, depository institutions, and USA.

Graph and download economic data for Federal Government Defined Benefit Retirement Funds; Treasury Securities; Asset, Transactions (BOGZ1FA343061165A) from 1946 to 2024 about retirement, transactions, benefits, securities, Treasury, federal, assets, and USA.

Graph and download economic data for Federal Government Retirement Funds; Domestic Corporate Equities Held by Thrift Savings Plan; Asset, Transactions (BOGZ1FA343064823Q) from Q4 1946 to Q1 2025 about thrifts, retirement, savings, equity, transactions, domestic, federal, assets, depository institutions, and USA.

Graph and download economic data for Federal Government Retirement Funds; Corporate Equities Held by Thrift Savings Plan; Asset, Transactions (BOGZ1FA343064125A) from 1946 to 2024 about thrifts, retirement, savings, equity, transactions, federal, assets, depository institutions, and USA.

Graph and download economic data for Federal Government Defined Contribution Retirement Funds; Treasury Securities Held by Thrift Savings Plan F Fund; Asset, Transactions (BOGZ1FA343061113A) from 1946 to 2024 about thrifts, retirement, contributions, savings, transactions, Treasury, securities, federal, assets, depository institutions, and USA.

The industry has a strong run of year-over-year growth through the end of 2024 up until the onset of the pandemic. Normally, a financially distressed Agricultural sector would cause industry revenue to climb, but the Federal Reserve dropped interest rates to near-zero in response to the pandemic and the staggering amount of fiscal aid provided to farmers via the United States Department of Agriculture Emergency Food Purchasing Plan and the Paycheck Protection Plan had greatly reduced farmers' demand for agricultural loans. This simultaneously caused revenue to decline in 2020. Following the pandemic, the Fed raised interest rates in 2022 to tackle rampant inflation which increased borrowing costs for farmers and reduced loan volumes for the industry. In 2024, as inflationary pressures eased, the Fed slashed interest rates, which will likely boost loan volumes but reduce interest income on each loan. Overall, industry revenue shrank at a CAGR of 1.4% to $20.4 billion over the past five years, including an expected decrease of 0.9% in 2024 alone. Because of such strong increases in governmental aid as a share of total farm income, net farm income has risen strongly in the past 18 months, which has reduced the sector's reliance on bank loans, with the industry exhibiting a revenue slide in 2020 as a result of a surprising fiscal stability agricultural sector, barring difficulties in the live-cattle segments because of strong increases in government transfer payments. Moreover, industry profitability has climbed due to the high interest rate environment in the latter part of the period which increased interest income on each loan. However, the high interest rate environment hindered loan volumes for the industry. The industry is expected to continue sliding through the end of 2029 as the farm economy is expected to exhibit declines. With declining agricultural prices and returns to farmers, it's expected that the sector will need to increasingly rely on this industry. Also, the anticipation of further rate cuts as inflationary pressures ease will reduce borrowing costs which will enable farmers to increase their loan demand. However, the industry is anticipated to decline at a CAGR of 0.9% to $19.5 billion over the five years to 2029.

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US Residential Construction Market Size 2025-2029

The US residential construction market size is forecast to increase by USD 242.9 million at a CAGR of 4.5% between 2024 and 2029.

The Residential Construction Market in the US is experiencing significant growth driven by increasing household formation rates and a rising focus on sustainability in new projects. According to the latest data, household formation is projected to continue growing at a steady pace, fueling the demand for new residential units. This trend is particularly evident in urban areas, where population growth and limited space for new development are driving up demand. Meanwhile, the emphasis on sustainability in residential construction is transforming the market landscape. With consumers increasingly prioritizing energy efficiency and eco-friendly features in their homes, builders and developers are responding by incorporating green technologies and sustainable materials into their projects.
This shift not only appeals to environmentally-conscious consumers but also offers long-term cost savings and regulatory compliance benefits. However, the market is not without challenges. Skilled labor shortages continue to pose a significant hurdle for large-scale residential real estate projects. The ongoing shortage of skilled laborers, including carpenters, electricians, and plumbers, is driving up labor costs and delaying project timelines. To mitigate this challenge, some builders are exploring alternative solutions, such as modular construction and automation, to streamline their operations and reduce their reliance on traditional labor sources. The Residential Construction Market in the US presents significant opportunities for companies seeking to capitalize on the growing demand for new housing units and the shift towards sustainability.
However, navigating the challenges of labor shortages and rising costs will require innovative solutions and strategic planning. By staying informed of market trends and adapting to evolving consumer preferences, companies can effectively position themselves for success in this dynamic market.

What will be the size of the US Residential Construction Market during the forecast period?

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The residential construction market in the United States continues to exhibit dynamic activity, driven by various economic factors. Housing supply remains a key focus, with ongoing discussions surrounding the affordable housing trend and efforts to increase inventory, particularly for single-family homes and new constructions. Mortgage and federal funds rates have an impact on residential investment, with fluctuations influencing buyer decisions and construction costs. The labor market plays a crucial role, as workforce availability and wages affect both housing starts and cancellation rates. Inflation and interest rates, monitored closely by the Federal Reserve, also shape the market's direction. Recession risks and economic conditions influence construction spending across various sectors, including multifamily and single-family homes.
Federal programs, such as housing choice vouchers and fair housing initiatives, continue to support home buyers and promote equitable housing opportunities. Building permits and housing starts serve as essential indicators of market health and future growth, with some sectors experiencing double-digit growth. Overall, the residential construction market in the US remains a significant economic driver, shaped by a complex interplay of economic, demographic, and policy factors.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Apartments and condominiums
  Luxury Homes
  Other types


Type

  New construction
  Renovation


Application

  Single family
  Multi-family


Construction Material

  Wood-framed
  Concrete
  Steel
  Modular/Prefabricated


Geography

  US

By Product Insights

The apartments and condominiums segment is estimated to witness significant growth during the forecast period.

The residential construction market in the US is experiencing growth in both the apartment and condominium sectors, driven by the increasing trend toward urbanization and changing lifestyle preferences. Apartments, typically owned by property management companies, and condominiums, with individually owned units within a larger complex, contribute significantly to the market. The Federal Reserve's influence on the economy through the federal funds rate and mortgage rates impacts borrowing rates and home construction activity. The affordability of housing, particularly for younger generations, is a concern due to factors such as inflation, labor market conditions, and savings

Graph and download economic data for Federal Government Retirement Funds; Agency- and GSE-Backed Securities Held by Thrift Savings Plan; Asset, Transactions (BOGZ1FA343061723Q) from Q4 1946 to Q1 2025 about thrifts, retirement, agency, savings, transactions, securities, federal, assets, depository institutions, and USA.

Graph and download economic data for Federal Government Defined Benefit Retirement Funds; Other Current Transfers Paid, Pension Service Charges for Defined Benefit Pension Plans (IMA), Transactions (BOGZ1FA346403013Q) from Q4 1946 to Q4 2023 about retirement, transfers, pension, paid, IMA, benefits, transactions, federal, services, and USA.

Graph and download economic data for 17) Over the Past Three Months, How Have the Price Terms (for Example, Financing Rates) Offered to Mutual Funds, ETFs, Pension Plans, and Endowments as Reflected Across the Entire Spectrum of Securities Financing and OTC Derivatives Transaction Types Changed, Regardless of Nonprice Terms?| Answer Type: Tightened Considerably (CTQ17TCNR) from Q4 2011 to Q2 2025 about pension plans, pricing terms, derivatives, change, ETF, mutual funds, financing, transactions, 3-month, securities, rate, and USA.

Graph and download economic data for Private Pension Funds; Total Financial Assets Held by 403(B) Plans, Transactions (BOGZ1FA574090065Q) from Q4 1946 to Q1 2025 about pension, transactions, assets, private, and USA.

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Graph and download economic data for 20) How Has the Intensity of Efforts by Mutual Funds, ETFs, Pension Plans, and Endowments to Negotiate More-Favorable Price and Nonprice Terms Changed Over the Past Three Months?| Answer Type: Increased Somewhat (CTQ20ISNR) from Q4 2011 to Q2 2025 about pension plans, change, ETF, mutual funds, 3-month, price, and USA.

Graph and download economic data for Federal Government Defined Benefit Retirement Funds; Treasury Securities; Asset, Transactions (BOGZ1FA343061165Q) from Q4 1946 to Q1 2025 about retirement, transactions, benefits, securities, Treasury, federal, assets, and USA.

Graph and download economic data for Pension Funds, Including Social Security; Pension Scheme Service Charges, Transactions (BOGZ1FA596403325A) from 2001 to 2023 about scheme, social, pension, funds, transactions, securities, services, and USA.