US construction spending was unchanged from a month earlier at a seasonally adjusted annual rate of USD 1.30 trillion in April of 2019, after an upwardly revised 0.1 percent increase in the previous month and missing market expectations of a 0.4 percent gain. Investment in public construction jumped 4.8 percent, above a 0.5 percent rise in March and making the fourth straight monthly increase, with federal construction spending surging 7.4 percent, its biggest jump in 1-1/2 years. On the other hand, spending on private construction dropped 1.7 percent to the lowest level since January of 2017, after showing no growth in the prior month, as investment in private residential projects slipped 0.6 percent to the lowest level since December 2016 and that on private nonresidential structures, which include manufacturing and power plants slumped 2.9 percent. Construction Spending in the United States averaged 0.45 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 -0.30 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.

United States Construction Spending
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-13 02:00 PM Construction Spending MoM 1.3% -0.8% 0.4% 0.3%
2019-04-01 02:00 PM Construction Spending MoM 1% 2.5% -0.2% -0.1%
2019-05-01 02:00 PM Construction Spending MoM -0.9% 0.7% 0.1% 0.4%
2019-06-03 02:00 PM Construction Spending MoM 0% 0.1% 0.4% 0.4%
2019-07-01 02:00 PM Construction Spending MoM 0% 0.2%
2019-08-01 02:00 PM Construction Spending MoM -0.3%
2019-09-03 02:00 PM Construction Spending MoM


United States Housing Last Previous Highest Lowest Unit
Building Permits 1294.00 1290.00 2419.00 513.00 Thousand [+]
Housing Starts 1269.00 1281.00 2494.00 478.00 Thousand units [+]
New Home Sales 626.00 679.00 1389.00 270.00 Thousand units [+]
Pending Home Sales -2.00 -1.10 30.90 -24.30 percent [+]
Existing Home Sales 5340.00 5210.00 7250.00 1370.00 Thousand [+]
Construction Spending 0.00 0.10 5.90 -4.80 percent [+]
Housing Index 0.40 0.10 1.20 -1.70 percent [+]
Nahb Housing Market Index 64.00 66.00 78.00 8.00 [+]
Mortgage Rate 4.06 4.14 10.56 3.47 percent [+]
Mortgage Applications 1.30 -3.40 49.10 -38.80 percent [+]
Case Shiller Home Price Index 215.68 214.09 215.68 100.00 Index Points [+]
Home Ownership Rate 64.20 64.80 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.10 5.90 -4.80 1964 - 2019 percent Monthly
Current Prices, SA




Country Last Previous
United States 0.00 Apr/19


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