Graph and download economic data for Total Construction Spending: Health Care in the United States (TLHLTHCONS) from Jan 2002 to Aug 2025 about health, expenditures, construction, and USA.

View monthly updates and historical trends for US Public Health Care Construction Spending. from United States. Source: Census Bureau. Track economic data…

Graph and download economic data for Total Construction Spending: Health Care in the United States (MPCT04XXS) from Feb 2002 to Aug 2025 about healthcare, health, expenditures, construction, and USA.

Health care construction projects commissioned by the public sector in the United States were valued at ***** billion U.S. dollars in 2024. State and local governments made up most of that public healthcare spending.

This time series represents the current and projected healthcare construction spending growth in the U.S. from 2014 through 2020. Spending on healthcare construction projects is expected to grow by around *** percent in 2020.

In the second quarter of 2025, Portland and San Francisco were some of the most expensive cities in the United States for the construction of general hospitals. The cost of building a hospital in Portland ranged between ***** and ***** U.S. dollars. Boston and Los Angeles were the next cities in the ranking. Meanwhile, Las Vegas was one of the cheapest city in the list to build a general hospital.

This statistic gives the value of new healthcare construction put in place in the United States in 2018 with forecasts until 2023. Construction spending for healthcare facility projects is projected to reach about **** billion U.S. dollars in 2023.

Total Construction Spending: Health Care in the United States was 5896.00000 Mil. of $ in August of 2025, according to the United States Federal Reserve. Historically, Total Construction Spending: Health Care in the United States reached a record high of 5986.00000 in October of 2024 and a record low of 1983.00000 in February of 2002. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Construction Spending: Health Care in the United States - last updated from the United States Federal Reserve on November of 2025.

U.S. Health Care Construction Spending - Historical chart and current data through 2025.

Total dollar value and number of projects either in review, pending construction, in construction, or in closure aggregated into California counties, once every two weeks since September 2013. A construction project moves through the Department of Health Care Access and Information (HCAI) in four stages - In Review; Pending Construction Start; Under Construction; and In Closure. A project can only be in one of these four stages at any time. Additional data when available will be added to this dataset approximately once every two weeks.

After several turbulent years, hospital construction activity is bouncing back, with contractors experiencing a much-needed rebound after the disruption brought on by the pandemic. The industry hit a low point between 2020 and 2023, when project activity stalled because of strict capital budgets, labor and material shortages and uncertainty about hospital demand. Contractors who saw a dwindling backlog during this time have enjoyed a resurgence in bidding and a ramping up of both new construction and remodeling jobs, spurred in part by rising hospital occupancy and the lure of federal tax incentives for energy-efficient upgrades. Climbing occupancy at hospitals has also boosted remodeling work, benefiting contractors. Overall, industry revenue has been increasing at a CAGR of 2.1% to total an estimated $34.6 billion in 2025, including an estimated 3.4% increase in 2025. Hospital construction contractors had to navigate persistent cost pressures and tough competition, all while handling shifts in hospital funding. Profitability took a hit as material prices and wages soared through 2022, with heightened material costs and labor shortages complicating job pricing and scheduling. Contractors were forced to accept slimmer profit just to keep projects moving when private hospitals delayed or downsized capital investments and nonprofit community hospitals struggled under tighter Medicaid reimbursements and operational losses. Only as pandemic-era constraints eased did capital flows begin to strengthen, allowing contractors to rebuild lost ground and pass on more costs to end customers from 2023 to 2025. Still, tariffs have led to climbing construction material costs, putting additional pressure on profit. Looking ahead, the outlook is a mix of opportunity and risk. Federal policy changes, including the One Big Beautiful Bill Act and the expiration of 179D tax credits, will shake up funding streams, pushing rural hospitals in particular to reshape their construction plans as they work through shrinking Medicaid reimbursements and temporary relief programs. On the other hand, rising occupancy rates and looming seismic retrofit mandates in states like California are expected to drive a wave of new projects, especially modernization and expansion work. Industry revenue is forecast to increase at a CAGR of 3.5% to total an estimated $41.1 billion through the end of 2030.

Graph and download economic data for Total Public Construction Spending: Health Care in the United States (PBHLTHCON) from Jan 2002 to Aug 2025 about public, health, expenditures, construction, and USA.

Graph and download economic data for Total Private Construction Spending: Health Care in the United States (PRHLTHCON) from Jan 1993 to Aug 2025 about health, expenditures, construction, private, and USA.

Total Construction Spending: Health Care in the United States was 0.50000 % Chg. from Preceding Period in July of 2025, according to the United States Federal Reserve. Historically, Total Construction Spending: Health Care in the United States reached a record high of 5.30000 in February of 2003 and a record low of -5.60000 in November of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Construction Spending: Health Care in the United States - last updated from the United States Federal Reserve on October of 2025.

London was the city in the United Kingdom with the highest costs for constructing a general hospital in 2024. Meanwhile, among cities included in this selection, Leeds was the cheapest one to build that kind of structure. The expenses of such a construction in London were over *** British pounds higher than in Glasgow. The capital of the UK is the most expensive area for public building construction. Hospital bed numbers still in decline The number of hospital beds in the UK has been declining since 2000. Between 2000 and 2020, figures decreased from ******* to ******* number of beds. The reduction in hospital beds is, among other reasons, attributed to technical improvements in surgery rooms, patients with mental health problems being treated in different settings, and most importantly, cuts to NHS funding. However, the number of beds increased slightly again in 2021 and 2022. Increased healthcare spend Despite past funding cuts and declining availability of hospital beds, healthcare spending has significantly increased in the past twenty years. In 2022, expenditure reached a peak of nearly *** billion British pounds, whereas in 2000, this figure amounted to ** billion British pounds. The value of healthcare expenditure as a share of GDP also increased significantly in the past years.

Total Public Construction Spending: Health Care in the United States was 1400.00000 Mil. of $ in July of 2025, according to the United States Federal Reserve. Historically, Total Public Construction Spending: Health Care in the United States reached a record high of 1400.00000 in July of 2025 and a record low of 353.00000 in February of 2002. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Public Construction Spending: Health Care in the United States - last updated from the United States Federal Reserve on November of 2025.

Total Public Construction Spending: Health Care in the United States was 1.30000 % Chg. from Preceding Period in July of 2025, according to the United States Federal Reserve. Historically, Total Public Construction Spending: Health Care in the United States reached a record high of 15.00000 in January of 2011 and a record low of -16.90000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Public Construction Spending: Health Care in the United States - last updated from the United States Federal Reserve on November of 2025.

In 2024, the public non-residential construction spending put in place in the United States increased, reaching roughly *** billion U.S. dollars. In comparison, a decade earlier, in 2012, this type of construction was valued at just *** 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 Public Construction Spending: Health Care in the United States was 15930.00000 Mil. of $ in August of 2025, according to the United States Federal Reserve. Historically, Total Public Construction Spending: Health Care in the United States reached a record high of 16125.00000 in May of 2025 and a record low of 4406.00000 in May of 2002. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Public Construction Spending: Health Care in the United States - last updated from the United States Federal Reserve on November of 2025.

This industry consists of various noncommercial building construction markets, mainly healthcare, educational, religious, governmental and recreational facilities. Government funding accounts for almost all educational and public building construction, while the private sector funds most healthcare and religious constructions. Local and state government investment has grown over the past five years, while the federal government has passed record levels of infrastructure spending, benefitting the industry. Still, interest rate hikes have raised the cost of capital, driving down demand for big projects in recent years. Revenue has grown at an expected five year CAGR of 1.1% to reach $273.0 in 2025, when revenue is set to grow 1.4% as government investment has rebounded and the Federal Reserve has begun cutting interest rates but the second Trump administration has disrupted some spending. Contractors received support from surging demand for industry-relevant healthcare construction in the years following the COVID-19 pandemic. Still second to education, the healthcare market has grown as a share of industry revenue over the past five years. The industry as a whole has made price based gains as the price of key inputs, like cement, steel and oil, increased significantly over 2021 and 2022 due to supply chain disruptions which followed the pandemic. Along with rising wage costs, this has put downward pressure on average industry profit. As construction material prices have fallen slightly from their May 2022 peak, contractors have been able to expand average profit slightly, though average industry profit has still fallen overall over the past five years. Contractors would benefit from declining interest rates through the outlook period. Companies will benefit from more contract availability, especially as local and state government investment continues to climb. The second Trump administration has targeted Biden-era spending bills, like the Infrastructure Investment and Jobs Act, threatening public spending on municipal building construction, though some spending pauses have been legally challenged. High tariffs threaten to drive up materials costs. Still, revenue is set to climb at a CAGR of 1.5% to reach $294.6 billion in 2030.