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

The value of non-residential building construction put in place in 2029 in the United States is expected to reach *** 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. decreased in 2024 after increasing considerably the prior two years. 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 since late 2022

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

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.

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

Based on short-term projections, the U.S. non-residential construction market is expected to increase by approximately *** percent in 2025. That year, growth is expected to be the highest in the data center construction segment, with a year-on-year change of **** percent. Meanwhile, the value of spending on warehouses was expected to decrease that year, but to recover in 2026. The value of private non-residential buildings put in place in the U.S. soared in 2023 and continued growing in 2024. That was similar to how public non-residential construction has evolved, which also had a noticeable growth in 2023 and 2024. Non-residential construction market There are various drivers that impact the non-residential construction market and can be highly dependent on the sector. Demand for leisure travel has a major influence on the value of hotel construction in the United States. For example, construction spending on the hotels fell sharply in the first years of the COVID-19 pandemic, when travel was constrained. On the other hand, the growth in the office building market is guided to a large extent by corporate relocations, the lack of vacant spaces in major metropolitans, and trends in the hybrid working policies of companies. Industrial real estate receives most investment The value of investment in commercial real estate in the U.S. fell significantly in 2022 and 2023, but it started recovering slightly in 2024. The value of investment in office real estate fell the most in the past years, but it grew at a faster pace than other segments in 2024.

The value of private nonresidential construction refers to investment in office buildings, hospitals, factories, power plants, mining shafts, communication lines, farms, railroads, schools, brokers' commissions and net purchases of used structures. The data for this report is sourced from the Bureau of Economic Analysis and presented in chained 2017 dollars.

Archived - Non-residential building construction price index (NRBCPI), type of building of major subtrade groups. Quarterly Data are available from the first quarter 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2002=100).

Value of non-residential construction in Canada represents the total real investment in commercial, institutional, and industrial building activity, measured in constant 2017 chained Canadian dollars. This metric encompasses office buildings, retail facilities, manufacturing plants, warehouses, schools, hospitals, government buildings, and other non-residential structures across all provinces and territories. Data is sourced from Statistics Canada's construction statistics program and reflects actual construction volumes after adjusting for inflation.

Total Construction Spending: Nonresidential in the United States was 1240425.00000 Mil. of $ in July of 2025, according to the United States Federal Reserve. Historically, Total Construction Spending: Nonresidential in the United States reached a record high of 1255600.00000 in February of 2025 and a record low of 432040.00000 in September of 2002. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Construction Spending: Nonresidential in the United States - last updated from the United States Federal Reserve on November 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, which includes, among others, warehouses and buildings for the automotive industry, such as parking, was valued at ***** billion U.S. dollars that year. Additionally, the value of construction for commercial and educational buildings were also among the highest of the segments included here.

Graph and download economic data for All Employees, Nonresidential Building Construction (CES2023620001) from Jan 1990 to Sep 2025 about nonresidential, buildings, establishment survey, construction, employment, and USA.

Non-residential Building Construction Market size was valued at USD 3.09 Trillion in 2024 and is projected to reach USD 3.75 Trillion by 2032, growing at a CAGR of 2.4% during the forecast period 2026–2032.Global Non-residential Building Construction Market DriversThe market drivers for the non-residential building construction market can be influenced by various factors. These may include:Urbanization and Population Growth: Rapid urban expansion and population increase, particularly in emerging economies, drive the demand for commercial, institutional, and industrial infrastructure. This fuels growth in non-residential construction projects such as offices, schools, hospitals, and factories.Government Infrastructure Initiatives: Large-scale government spending on infrastructure such as transportation hubs, public facilities, and utility buildings stimulates demand for non-residential construction. Programs like the U.S. Infrastructure Investment and Jobs Act and similar initiatives globally support sector growth.

In 2024, the construction cost of non-residential buildings in the United States has increased by *** percent. The cost index for that type of construction projects amounted to ***** in 2021, but it reached ***** in 2024. Construction costs have increased almost every year, except for 2009 and 2010.

All Employees: Construction: Nonresidential Building Construction in California was 79.90000 Thous. of Persons in March of 2025, according to the United States Federal Reserve. Historically, All Employees: Construction: Nonresidential Building Construction in California reached a record high of 87.60000 in July of 2023 and a record low of 43.20000 in January of 1993. Trading Economics provides the current actual value, an historical data chart and related indicators for All Employees: Construction: Nonresidential Building Construction in California - last updated from the United States Federal Reserve on November of 2025.

The value of new private non-residential buildings put in place in the United States has doubled between 2014 and 2024. That last year, U.S. expenditure on new private non-residential buildings peaked at over *** billion U.S. dollars. Due to the start of the COVID-19 pandemic, the value of construction of commercial buildings dropped in 2020. However, the total private construction put in place in the U.S. increased during that period.

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 **** billion U.S. dollars on residential construction projects, while that figure reached **** 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.

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

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US Residential Construction Market Size 2025-2029

The us residential construction market size is valued to increase USD 242.9 million, at a CAGR of 4.5% from 2024 to 2029. Increasing household formation rates will drive the us residential construction market.

Major Market Trends & Insights

By Product - Apartments and condominiums segment was valued at USD 509.50 million in 2022
By Type - New construction segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 39.65 million
Market Future Opportunities: USD 242.90 million
CAGR from 2024 to 2029 : 4.5%

Market Summary

The Residential Construction Market in the US is a dynamic and evolving industry, shaped by various factors and trends. Core technologies and applications, such as Building Information Modeling (BIM) and energy-efficient systems, are increasingly adopted to enhance project efficiency and sustainability. In fact, the use of BIM in residential construction is projected to reach 50% penetration by 2025, according to industry reports. Service types and product categories, including general contracting, design-build, and modular housing, cater to diverse residential construction needs. However, challenges persist, including rising material costs and skilled labor shortages for large-scale residential real estate projects. Regulations, such as the International Energy Conservation Code, drive the focus on sustainability in residential construction projects. The regional landscape is diverse, with the South and West regions leading in residential construction activity due to population growth and favorable economic conditions. These evolving market dynamics offer significant opportunities for industry players to innovate and adapt to the changing landscape.

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

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How is the Residential Construction in US Market Segmented and what are the key trends of market segmentation?

The residential construction in us industry 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. ProductApartments and condominiumsLuxury HomesOther typesTypeNew constructionRenovationApplicationSingle familyMulti-familyConstruction MaterialWood-framed ConcreteSteel Modular/PrefabricatedGeographyNorth AmericaUS

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 continues to evolve, with apartments and condominiums being key contributors to its growth. Urbanization is a significant driver, as more Americans opt for the convenience and amenities of city living. In response, developers are constructing modern, sustainable, and community-focused high-rise buildings and condominium complexes. Smart home technology and energy efficiency standards are becoming increasingly important in these projects, with Building Information Modeling (BIM) software guiding the design process. Modular construction, geotechnical engineering, and quality control measures ensure structural integrity and safety. Building codes and permitting processes are strictly adhered to, with green building certifications such as LEED and Energy Star driving the adoption of sustainable building practices. Masonry techniques, foundation design, and exterior cladding are essential elements of the construction process, with insulation materials and HVAC systems ensuring energy efficiency. Safety regulations govern electrical wiring, roofing systems, and plumbing fixtures. Construction scheduling is facilitated by project management software, with prefabricated components and 3D building modeling streamlining the process. Construction automation and waste management are also crucial considerations, with cost estimation models helping developers stay within budget. Environmental impact assessments and structural engineering studies are essential to minimize the environmental footprint and ensure safety. Framing techniques and foundation design are optimized for durability and cost-effectiveness. Safety regulations and quality control measures are strictly enforced to ensure the safety and satisfaction of residents. Overall, the residential construction market in the US is dynamic and forward-thinking, with a focus on sustainability, safety, and community.

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The Apartments and condominiums segment was valued at USD 509.50 million in 2019 and showed a gradual increase during the forecast period.

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Market Dynamics

Our researchers analyzed the data with 2024 as

Investment in non-residential building construction by seasonal adjustment, type of building and prices for provinces and census metropolitan areas (CMA), quarterly data from 1997 to today.