United States Construction Spending 1964-2017 | Data | Chart | Calendar

Construction spending in the US declined 1.4 percent to $1.22 trillion in April 2017, following an upwardly revised 1.1 percent jump in March and missing market expectations of a 0.5 percent increase. It was the biggest drop in a year, as spending on public construction tumbled 3.7 percent, the sharpest fall since July 2016, with outlays on state and local government construction projects dropping 3.5 percent and federal government construction spending declining 5.7 percent. Also, private construction spending contracted 0.7 percent, the steepest decrease in a year, led by lower investment in residential construction (-0.7 percent) and nonresidential structures (-0.6 percent). Year-on-year, construction spending increased 6.7 percent. Construction Spending in the United States averaged 0.45 percent from 1964 until 2017, 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.

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Calendar	GMT		Actual	Previous	Consensus	Forecast
2017-04-03	02:00 PM	Feb	0.8%	-0.4%	1.1%	0.8%
2017-05-01	02:00 PM	Mar	-0.2%	1.8%	0.4%	0.5%
2017-06-01	02:00 PM	Apr	-1.4%	1.1%	0.5%	0.6%
2017-07-03	02:00 PM	May		-1.4%		0.5%
2017-08-01	02:00 PM	Jun				0.9%
2017-09-01	02:00 PM	Jul				1.1%

United States Housing	Last	Previous	Highest	Lowest	Unit
Building Permits	1168.00	1228.00	2419.00	513.00	Thousand	[+]
Housing Starts	1092.00	1156.00	2494.00	478.00	Thousand	[+]
New Home Sales	610.00	593.00	1389.00	270.00	Thousand	[+]
Pending Home Sales	-3.30	0.70	30.90	-24.30	percent	[+]
Existing Home Sales	5620.00	5560.00	7250.00	1370.00	Thousand	[+]
Construction Spending	-1.40	1.10	5.90	-4.80	percent	[+]
Housing Index	0.70	0.70	1.20	-1.80	percent	[+]
Nahb Housing Market Index	67.00	69.00	78.00	8.00		[+]
Mortgage Rate	4.13	4.13	10.56	3.47	percent	[+]
Mortgage Applications	0.60	2.80	49.10	-38.80	percent	[+]
Home Ownership Rate	63.60	63.70	69.20	62.90	percent	[+]
Case Shiller Home Price Index	195.39	193.50	206.52	100.00	Index Points	[+]

United States Construction Spending Notes

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 June of 2017.