Construction spending in the US fell by 1.1 percent from the previous month to a seasonally adjusted annual rate of USD 1.76 trillion in June of 2022, compared to the revised 0.1 percent increase in May and market expectations of a 0.1 percent gain. It was the largest decrease since February of 2021. Spending on private construction contracted by 1.3 percent, dragged by residential (-1.6 percent), power (-1.8 percent), and commercial (-0.6 percent) construction. At the same time, public construction shrank 0.5 percent, pressured by highways and streets (-2.7 percent), transportation (-1 percent), and education (-0.7 percent) construction. source: U.S. Census Bureau

Construction Spending in the United States averaged 0.46 percent from 1964 until 2022, 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 August of 2022.

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 2023 and 0.40 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
United States Construction Spending



Calendar GMT Actual Previous Consensus TEForecast
2022-07-01 02:00 PM May -0.1% 0.8% 0.4% 0.1%
2022-08-01 02:00 PM Jun -1.1% 0.1% 0.1% 0.2%
2022-09-01 02:00 PM Jul -1.1% -0.1%


Related Last Previous Unit Reference
Building Permits 1674.00 1696.00 Thousand Jul 2022
Housing Starts 1446.00 1599.00 Thousand units Jul 2022
New Home Sales 590.00 642.00 Thousand units Jun 2022
Construction Spending -1.10 0.10 percent Jun 2022
Home Ownership Rate 65.80 65.40 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.10 0.10 5.90 -4.80 1964 - 2022 percent Monthly
Current Prices, SA

News Stream
US Construction Spending Unexpectedly Falls
Construction spending in the US fell by 1.1 percent from the previous month to a seasonally adjusted annual rate of USD 1.76 trillion in June of 2022, compared to the revised 0.1 percent increase in May and market expectations of a 0.1 percent gain. It was the largest decrease since February of 2021. Spending on private construction contracted by 1.3 percent, dragged by residential (-1.6 percent), power (-1.8 percent), and commercial (-0.6 percent) construction. At the same time, public construction shrank 0.5 percent, pressured by highways and streets (-2.7 percent), transportation (-1 percent), and education (-0.7 percent) construction.
2022-08-01
US Construction Spending Unexpectedly Falls
Construction spending in the US fell by 0.1 percent from the previous month to a seasonally adjusted annual rate of USD 1.78 trillion in May of 2022, compared to the upwardly revised 0.8 percent gain in April and market expectations of a 0.4 percent rise. Spending on public construction fell by 0.8 percent from the previous month, dragged by lower outlays for both residential (-0.7 percent) and nonresidential (-0.8 percent) construction. At the same time, private construction was virtually unchanged, as higher spending in residential (0.2 percent) and manufacturing (1.2 percent) construction offset decreases in highways (-2.3 percent) and healthcare (-1.8 percent) construction.
2022-07-01
US Construction Spending Rises Less than Expected
Construction spending in the US increased 0.2 percent from the previous month to a seasonally adjusted annual rate of USD 1.745 trillion in April of 2022, easing from an upwardly revised 0.3 percent gain in March and missing market expectations of a 0.5 percent advance. Spending on private construction rose 0.5 percent, mainly due to higher expenditure for new single family residential construction (0.5 percent) and manufacturing (1.6 percent) and office infrastructure (0.1 percent) while spending fell for power (-1.5 percent) and commercial construction (-0.2 percent). On the other hand, public construction outlays fell 0.7 percent from the previous month, dragged down by lower spending for both non-residential (-0.7 percent) and residential (-1.2 percent) construction.
2022-06-01