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.

Graph and download economic data for Total Private Construction Spending: Nonresidential in the United States (MPCVNRXXS) from Feb 2002 to Aug 2025 about nonresidential, expenditures, construction, private, 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 All Employees, Nonresidential Building Construction (CES2023620001) from Jan 1990 to Sep 2025 about nonresidential, buildings, establishment survey, construction, employment, and USA.

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.

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.

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.

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.

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.

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.

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

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.

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.

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

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US Commercial Construction Market Size 2025-2029

The us commercial construction market size is forecast to increase by USD 191 billion at a CAGR of 2.7% between 2024 and 2029.

The Commercial Construction Market in the US is experiencing significant growth driven by the increasing trend towards sustainable building design and the emergence of smart cities. Green buildings, which incorporate energy-efficient designs and renewable energy sources, are gaining popularity due to their environmental benefits and cost savings over time. This trend is expected to continue, with the US Green Building Council reporting that nearly half of all new commercial construction projects in the US are now green certified. However, the market is not without challenges. One of the most pressing issues is the lack of skilled labor in the construction industry. According to the Associated General Contractors of America, over 80% of contractors report difficulty in filling hourly craft positions. This labor shortage is driving up costs and delaying project timelines, making effective workforce management a critical challenge for construction companies. To capitalize on the growth opportunities in the market, companies must focus on innovative solutions to address the labor shortage, such as training programs and partnerships with vocational schools. Additionally, leveraging technology, such as automation and modular construction, can help improve efficiency and reduce reliance on manual labor. Overall, the Commercial Construction Market in the US presents significant opportunities for companies that can effectively navigate these challenges and stay ahead of the trend towards sustainable and smart building design.

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

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The commercial construction market in the US is experiencing significant dynamics and trends. Labor force shrinkage and escalating costs are major challenges for office building construction, repair and maintenance, water infrastructure projects, and mixed-use developments. Infrastructure development programs and urban regeneration are driving the need for energy-saving designs, outdoor leisure facilities, and renovation and retrofitting. Product lead times and fluctuating material prices add complexity to retail building projects in the non-residential building market. Labor shortages and rising building material prices are also impacting infrastructure projects and refurbishment and demolition activities. These factors necessitate innovative solutions and strategic planning for US businesses in the construction sector. Market research firms like FMI, Grand View Research, and Juniper Research provide valuable insights into these trends and dynamics.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. SectorPrivate constructionPublic constructionTypeBuildingOthersEnd-userOffice buildingsRetail spacesHotels and hospitalityHealthcare facilitiesOthersGeographyNorth AmericaUSEuropeMiddle East and AfricaAPACSouth AmericaRest of World (ROW)

By Sector Insights

The private construction segment is estimated to witness significant growth during the forecast period.

The commercial construction market in the US encompasses the development of various structures, including restaurants, grocery stores, shopping centers, office facilities, hospitals, and educational institutions. Notable projects, such as the El Paso VA Health Care Center in Fort Bliss, which had its groundbreaking on August 28, 2024, and Skymark Reston Town Center, the tallest residential tower in the Capital Region, which reached its topping out point in October 2023, contribute significantly to this sector's expansion. Infrastructure development programs, such as electric grid reconstruction and water infrastructure projects, are also driving the commercial construction market. For instance, the infrastructure bill, which includes funding for infrastructure projects, is expected to boost the market's growth. Additionally, the non-residential building market is experiencing a surge due to urban regeneration and renovation and retrofitting initiatives. However, the market faces challenges, including labor shortages, cost escalation, and fluctuating material prices. The construction industry's labor shortage is a significant concern, with an estimated 200,000 unfilled jobs in 2023. Furthermore, infrastructure projects often face delays due to labor shortages and rising material prices. The non-residential segment, including office buildings and retail buildings, is experiencing increased demand due to the shift towards energy-saving designs and the need for better communication linkages and operatio

U.S. Nonresidential Construction Spending - Historical chart and current data through 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.

View monthly updates and historical trends for US Nonresidential Construction Contracts Index (DISCONTINUED). from United States. Source: Federal Reserve …

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.