United States Construction Spending

Construction spending in the US increased 0.1 percent from a month earlier at a seasonally adjusted annual rate of USD 1.29 trillion in August of 2019, after showing no growth in the previous month and well below market expectations of a 0.4 percent gain. Spending on public construction advanced 0.4 percent, easing from a 1.4 percent jump in July. Investment in private construction was flat, after a 0.5 percent fall in the prior month, as a 0.9 percent increase in private residential investment, the highest since November 2018, was offset by a second straight monthly decline in outlays on nonresidential projects (-1 percent from -1.6 percent). Year-on-year, construction spending slumped 1.9 percent. 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 1.10 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 0.50 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
2019-07-01	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%	0.4%	0.2%
2019-11-01	02:00 PM	Construction Spending MoM Sep		0.1%		0.4%
2019-12-02	03:00 PM	Construction Spending MoM Oct

United States Housing	Last	Previous	Highest	Lowest	Unit
Building Permits	1387.00	1425.00	2419.00	513.00	Thousand	[+]
Housing Starts	1256.00	1386.00	2494.00	478.00	Thousand units	[+]
New Home Sales	713.00	666.00	1389.00	270.00	Thousand units	[+]
Pending Home Sales	2.50	-0.30	30.90	-24.30	percent	[+]
Existing Home Sales	5490.00	5420.00	7250.00	1370.00	Thousand	[+]
Construction Spending	0.10	0.00	5.90	-4.80	percent	[+]
Housing Index	0.40	0.20	1.20	-1.80	percent	[+]
Nahb Housing Market Index	71.00	68.00	78.00	8.00		[+]
Mortgage Rate	3.92	3.90	10.56	3.47	percent	[+]
Mortgage Applications	0.50	5.40	49.10	-38.80	percent	[+]
Case Shiller Home Price Index	218.00	217.72	218.00	100.00	Index Points	[+]
Home Ownership Rate	64.10	64.20	69.20	62.90	percent	[+]

United States Construction Spending

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 October of 2019.