United States Construction Spending

US construction spending increased 0.1 percent from a month earlier at a seasonally adjusted annual rate of USD 1.29 trillion in July of 2019, recovering from a downwardly revised 0.7 percent fall in the previous month and missing market expectations of a 0.3 percent gain. Investment in public construction rose 0.4 percent, after a 3.1 percent slump in June, as spending on state and local government construction projects rebounded 0.6 percent. Meantime, spending on private construction decreased 0.1 percent, down from a 0.1 percent gain. Construction Spending in the United States averaged 0.44 percent from 1964 until 2019, reaching an all time high of 5.90 percent in April of 1978 and a record low of -4.80 percent in February of 1975.

Construction Spending in the United States is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Spending in the United States to stand at 0.30 in 12 months time. In the long-term, the United States Construction Spending is projected to trend around 0.40 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2019-06-03	02:00 PM	Construction Spending MoM Apr	0%	0.1%	0.4%	0.4%
2019-07-01	02:00 PM	Construction Spending MoM May	-0.8%	0.4%	0.1%	0.3%
2019-08-01	02:00 PM	Construction Spending MoM Jun	-1.3%	-0.5%	0.5%	0.3%
2019-09-03	02:00 PM	Construction Spending MoM Jul	0.1%	-0.7%	0.3%	0.5%
2019-10-01	02:00 PM	Construction Spending MoM Aug		0.1%		0.2%
2019-11-01	02:00 PM	Construction Spending MoM Sep				0.4%
2019-12-02	03:00 PM	Construction Spending MoM Oct

United States Housing	Last	Previous	Highest	Lowest	Unit
Building Permits	1336.00	1232.00	2419.00	513.00	Thousand	[+]
Housing Starts	1191.00	1241.00	2494.00	478.00	Thousand units	[+]
New Home Sales	635.00	728.00	1389.00	270.00	Thousand units	[+]
Pending Home Sales	-0.30	1.60	30.90	-24.30	percent	[+]
Existing Home Sales	5420.00	5290.00	7250.00	1370.00	Thousand	[+]
Construction Spending	0.10	-0.70	5.90	-4.80	percent	[+]
Housing Index	0.20	0.20	1.20	-1.80	percent	[+]
Nahb Housing Market Index	66.00	65.00	78.00	8.00		[+]
Mortgage Rate	3.82	3.87	10.56	3.47	percent	[+]
Mortgage Applications	2.00	-3.10	49.10	-38.80	percent	[+]
Case Shiller Home Price Index	217.65	216.92	217.65	100.00	Index Points	[+]
Home Ownership Rate	64.10	64.20	69.20	62.90	percent	[+]

Construction Spending refers to monthly estimates of the total dollar value of construction work done on new structures or improvements to existing structures for private and public sectors each month in the United States. In 2016, private construction spending accounted for 75 percent of total spending and public for 25 percent. Spending in non-residential construction represented 60 percent of total and residential accounted for 40 percent. This page 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. United States Construction Spending - actual data, historical chart and calendar of releases - was last updated on September of 2019.