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.