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

Graph and download economic data for Total Private Construction Spending: Nonresidential in the United States (PNRESCONS) from Jan 1993 to May 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

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.

Definitions related to the construction data can be found at https://www.census.gov/construction/c30/definitions.html Methodology details can be found at https://www.census.gov/construction/c30/methodology.html

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

Total Construction Spending: Nonresidential in the United States was 1237129.00000 Mil. of $ in May 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 July 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.

Construction Spending in the United States decreased 0.30 percent in May 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.

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.

Total Private Construction Spending: Nonresidential in the United States was 737687.00000 Mil. of $ in May of 2025, according to the United States Federal Reserve. Historically, Total Private Construction Spending: Nonresidential in the United States reached a record high of 756272.00000 in February of 2025 and a record low of 144221.00000 in April of 1993. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Private Construction Spending: Nonresidential in the United States - last updated from the United States Federal Reserve on July of 2025.

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.

Total Construction Spending: Nonresidential in the United States was -0.20000 % Chg. from Preceding Period in May of 2025, according to the United States Federal Reserve. Historically, Total Construction Spending: Nonresidential in the United States reached a record high of 3.80000 in March of 2004 and a record low of -5.80000 in January of 2011. 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 July of 2025.

Graph and download economic data for Total Public Construction Spending: Nonresidential in the United States (MPCPNRXXS) from Feb 2002 to May 2025 about public, nonresidential, 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 949 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

This statistic gives a forecast of new non-residential commercial construction put in place in the United States between 2006 and 2018, with projections until 2023. New commercial construction spending is projected to be slightly over **** billion (current) U.S. dollars in 2023.

Total Public Construction Spending: Nonresidential in the United States was 39598.00000 Mil. of $ in April of 2025, according to the United States Federal Reserve. Historically, Total Public Construction Spending: Nonresidential in the United States reached a record high of 48188.00000 in August of 2024 and a record low of 13339.00000 in February of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Public Construction Spending: Nonresidential in the United States - last updated from the United States Federal Reserve on July of 2025.

Construction Spending Market Outlook

The global construction spending market size was valued at USD 11.2 trillion in 2023 and is projected to reach USD 20.3 trillion by 2032, registering a robust CAGR of 6.2% during the forecast period. The market growth is driven by rapid urbanization, increasing infrastructure development, and rising investments in residential and non-residential construction globally.

One of the primary growth factors for the construction spending market is the rapid urbanization across both developed and developing countries. As more people migrate to urban areas in search of better job opportunities and living standards, the demand for residential buildings, commercial spaces, and infrastructure such as roads and bridges increases significantly. This urban migration places immense pressure on existing infrastructure and drives the need for new construction projects, thereby fueling market growth. Additionally, government initiatives aimed at improving urban infrastructure and housing facilities further contribute to the surge in construction spending.

Technological advancements in construction methods and materials also play a crucial role in driving the market. Innovations such as Building Information Modeling (BIM), prefabricated construction, and the use of sustainable and energy-efficient materials have revolutionized the construction industry. These technologies not only enhance the efficiency and speed of construction projects but also reduce costs and environmental impact. As a result, construction companies are more inclined to invest in new projects, boosting overall construction spending. Furthermore, the integration of digital tools and automation in construction processes is expected to continue propelling market growth throughout the forecast period.

The increasing focus on sustainable and green construction practices is another significant factor contributing to the market's growth. With growing awareness about environmental issues and the need for sustainable development, both governments and private entities are prioritizing eco-friendly construction projects. The adoption of green building standards and certifications, such as LEED (Leadership in Energy and Environmental Design), encourages investment in energy-efficient and environmentally responsible construction. This trend is anticipated to drive substantial growth in the construction spending market, as more stakeholders recognize the long-term benefits of sustainable construction.

Regionally, the Asia Pacific region is expected to witness the highest growth in construction spending, driven by the rapid economic development and urbanization in countries like China, India, and Southeast Asian nations. Government initiatives to improve infrastructure, coupled with rising disposable incomes and population growth, are key factors fuelling the market in this region. North America and Europe are also significant contributors to the market, with substantial investments in both residential and non-residential construction projects. Moreover, the Middle East & Africa region is projected to experience considerable growth due to increasing infrastructure development and urbanization.

The residential construction sector is a cornerstone of the construction spending market, driven by the increasing demand for housing in urban areas. As cities expand and populations grow, the need for new residential developments becomes more pressing. This demand is not only for traditional housing but also for modern living spaces that incorporate smart technologies and sustainable practices. The integration of energy-efficient systems and eco-friendly materials in residential construction is becoming increasingly popular, as homeowners and developers alike seek to reduce environmental impact and enhance living standards. Furthermore, government policies promoting affordable housing and urban renewal projects are providing significant impetus to the residential construction sector, ensuring its continued growth and relevance in the broader construction market.

Type Analysis

The construction spending market by type is segmented into residential, non-residential, and infrastructure. The residential segment encompasses expenditures on housing projects such as single-family homes, multi-family residential buildings, and apartment complexes. This segment is driven by increasing urbanization, population growth, and government policies promoting affordable housing. The

The value of public construction spending on commercial projects in the United States between 2008 and 2022 have mostly stayed between *** and **** billion U.S. dollars annually. In 2020, the public sector spent approximately **** billion U.S. dollars on commercial construction projects. The following year, this number had dropped to around **** billion U.S. dollars. In 2022, the largest segment in the U.S. commercial construction put in place of local and state governments were automotive projects.

The value of public construction on offices in the United States amounted to **** billion U.S. dollars in 2023. Although the spending on construction by local and state governments has increased significantly during the past decade, the spending on the construction of offices by the U.S. Federal Government has remained stable.