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

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

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

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

Graph and download economic data for Total Construction Spending: Commercial in the United States (MPCT03XXS) from Feb 2002 to Aug 2025 about commercial, expenditures, construction, and USA.

Construction Spending in the United States increased 0.20 percent in August 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.

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: Commercial in the United States was 120610.00000 Mil. of $ in August of 2025, according to the United States Federal Reserve. Historically, Total Construction Spending: Commercial in the United States reached a record high of 145957.00000 in December of 2022 and a record low of 37406.00000 in December of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Construction Spending: Commercial in the United States - last updated from the United States Federal Reserve on November of 2025.

U.S. Construction Industry Spending Market size was valued at USD 1,970.97 Million in 2024 and is projected to reach USD 3,294.06 Million by 2032, growing at a CAGR of 6.74% from 2026 to 2032.The U.S. construction spending market is a crucial part of the nation's economy, impacting economic growth and the quality of life for millions of Americans. It includes various activities such as residential and commercial construction, as well as public infrastructure projects, and reflects the trends, challenges, and opportunities in the broader economy. Factors like demographic shifts, economic cycles, government policies, and technological advancements have shaped the construction spending landscape in recent years. The construction spending market can be divided into four main segments: residential, commercial, industrial, and public infrastructure. Residential construction involves building single-family homes, multifamily units, and residential developments.

The new construction put in place in the United States in 2024 was valued at **** trillion U.S. dollars. In the coming years, the value of construction is expected to keep growing, reaching roughly **** trillion U.S. dollars in 2029. Construction spending has been growing steadily over the last couple of years. Up to 2022, residential building construction spending also increased.

Total Construction Spending: Commercial in the United States was -0.80000 % Chg. from Preceding Period in July of 2025, according to the United States Federal Reserve. Historically, Total Construction Spending: Commercial in the United States reached a record high of 5.80000 in February of 2018 and a record low of -7.40000 in October of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Construction Spending: Commercial in the United States - last updated from the United States Federal Reserve on November of 2025.

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

Total Public Construction Spending: Commercial in the United States was 7154.00000 Mil. of $ in August of 2025, according to the United States Federal Reserve. Historically, Total Public Construction Spending: Commercial in the United States reached a record high of 7233.00000 in July of 2025 and a record low of 1656.00000 in March of 2014. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Public Construction Spending: Commercial in the United States - last updated from the United States Federal Reserve on November of 2025.

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

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.

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

Total Public Construction Spending: Commercial in the United States was 599.00000 Mil. of $ in August of 2025, according to the United States Federal Reserve. Historically, Total Public Construction Spending: Commercial in the United States reached a record high of 615.00000 in July of 2025 and a record low of 120.00000 in January of 2014. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Public Construction Spending: Commercial in the United States - last updated from the United States Federal Reserve on November of 2025.

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

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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

In 2024, Texas had the highest construction spending by the state and local governments in the United States. Meanwhile, those government levels spent **** billion U.S. dollars in California, which was a much higher amount than in New York, Florida, or any other state. It is important to consider, nevertheless, that these figures do not show the total construction output of the territory, but only public spending by those government levels.What elements determine construction value?Several factors play into the value of the construction put in place such as the costs in which each project incurs. Contractors facing shortages in construction materials or a rise in their cost are some of the situations that can cause an increase in the construction value. It is also necessary to factor in the cost of labor of construction workers in non-supervisory and in managerial positions, as well as that of specialized workers such as engineers and architects. Finally, taxes and fees, the contractor’s profit, and other costs are also considered.Which states have the highest construction costs?Some of the U.S. cities with the highest costs for construction materials, installation, and composite correspond to the states with more value of construction put in place. Similarly, the wages in the private construction sector of those U.S. states, such as New York, California, and Texas, were also above the national average. Although Florida ranks low in the aforementioned aspects, it has been one of the states with the most residential building permits issued during the last couple of years.