Construction spending in the US went up 0.2 percent from the previous month to a seasonally adjusted annual rate of USD 1.598 trillion in October of 2021, after a downwardly revised 0.1 percent drop in September and compared with market expectations of a 0.4 percent increase. Public construction outlays rebounded by 1.8 percent (vs -0.1 percent in September), while spending on private construction fell 0.2 percent (vs -0.1 percent), mostly lodging (-1.3 percent) and power (-0.6 percent). source: U.S. Census Bureau

Construction Spending in the United States averaged 0.46 percent from 1964 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Construction Spending in the United States is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Construction Spending is projected to trend around 0.20 percent in 2022 and 0.40 percent in 2023, according to our econometric models.

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United States Construction Spending


Calendar GMT Actual Previous Consensus TEForecast
2021-11-01 02:00 PM Sep -0.5% 0.1% 0.4% 0.3%
2021-12-01 03:00 PM Oct 0.2% -0.1% 0.4% 0.4%
2022-01-04 03:00 PM Nov 0.2%


Related Last Previous Unit Reference
Building Permits 1650.00 1586.00 Thousand Oct/21
Housing Starts 1520.00 1530.00 Thousand units Oct/21
New Home Sales 745.00 742.00 Thousand units Oct/21
Construction Spending 0.20 -0.10 percent Oct/21
Home Ownership Rate 65.40 65.40 percent Sep/21

News Stream
US Construction Spending Rebounds in October
Construction spending in the US went up 0.2 percent from the previous month to a seasonally adjusted annual rate of USD 1.598 trillion in October of 2021, after a downwardly revised 0.1 percent drop in September and compared with market expectations of a 0.4 percent increase. Public construction outlays rebounded by 1.8 percent (vs -0.1 percent in September), while spending on private construction fell 0.2 percent (vs -0.1 percent), mostly lodging (-1.3 percent) and power (-0.6 percent).
2021-12-01
US Construction Spending Unexpectedly Falls
Construction spending in the US decreased 0.5 percent from the previous month to a seasonally adjusted annual rate of USD 1.574 trillion in September of 2021, after a revised 0.1 percent gain in August and against market expectations of a 0.4 percent increase. Spending on private construction fell 0.5 percent (vs -0.3 percent in August), mostly manufacturing (-1.6 percent), power (-1.2 percent), health care (-1.2 percent) and lodging (-0.7 percent); and public construction outlays declined 0.7 percent (vs 1.2 percent in August).
2021-11-01
US Construction Spending Unexpectedly Stalls
Construction spending in the US was virtually unchanged at a seasonally adjusted annual rate of USD 1.584 trillion in August of 2021, after increasing 0.3 percent in the previous month and defying market expectations of a 0.3 percent rise. Spending on private construction decreased 0.1 percent (vs 0.2 percent in July), mostly transportation (-2.4%) and lodging (-2.3%), while public construction outlays rose 0.5 percent (the same as in July).
2021-10-01

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.