San Francisco-Oakland-Berkeley, CA - Total Quantity Indexes for Real GDP for San Francisco-Oakland-Hayward, CA (MSA) was 129.49300 Index 2009=100 in January of 2023, according to the United States Federal Reserve. Historically, San Francisco-Oakland-Berkeley, CA - Total Quantity Indexes for Real GDP for San Francisco-Oakland-Hayward, CA (MSA) reached a record high of 145.02700 in January of 2019 and a record low of 83.07800 in January of 2002. Trading Economics provides the current actual value, an historical data chart and related indicators for San Francisco-Oakland-Berkeley, CA - Total Quantity Indexes for Real GDP for San Francisco-Oakland-Hayward, CA (MSA) - last updated from the United States Federal Reserve on July of 2025.

U.S. spending on private construction continued to grow in 2024 and was over three times larger than construction spending in the public sector. Texas and California were at the top of the ranking when observing construction spending within the 50 U.S. states. According to a forecast, the value of U.S. construction put in place is expected to keep rising until 2025. Road construction spending: predicted to grow The value of road construction until 2026 was expected to reach the highest recorded values since 2005. However, data suggest that the United States still needs to catch up. When comparing infrastructure spending as share of GDP across various countries worldwide, the average spending of the United States was much lower than that of many other countries. How much have U.S. construction costs changed? Construction costs for housing varied significantly per city, with single-family homes in Honolulu, San Francisco and New York among the most expensive. During the past years, building costs grew in most of the U.S. big cities at a fast pace. Whilst there are many reasons why this occurred – supply and demand, or local zoning rules making it difficult to build – there is one that became especially noticeable in the past years: the prices of many important building materials went up significantly.