United States Construction Spending

US construction spending rose 1 percent from a month earlier to a seasonally adjusted annual rate of USD 1.32 billion in February 2019, the highest level in nine months, following an upwardly revised 2.5 percent surge in January and easily beating market expectations of a 0.2 percent drop. Investment in public construction grew 3.6 percent (vs 5.7 percent in January), led by federal government construction projects and state and local government construction outlays. In addition, spending on private construction rose 0.2 percent (vs -1.5 percent in January) on the back of private residential projects. 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2019-02-01	03:00 PM	Construction Spending MoM	0.8%	0.1%	0.2%	0.2%
2019-03-04	03:00 PM	Construction Spending MoM	-0.6%	0.8%	0.2%	0.3%
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		1%		0.4%
2019-06-03	02:00 PM	Construction Spending MoM
2019-07-01	02:00 PM	Construction Spending MoM

United States Housing	Last	Previous	Highest	Lowest	Unit
Building Permits	1291.00	1317.00	2419.00	513.00	Thousand	[+]
Housing Starts	1162.00	1273.00	2494.00	478.00	Thousand units	[+]
New Home Sales	667.00	636.00	1389.00	270.00	Thousand units	[+]
Pending Home Sales	-4.90	-2.60	30.90	-24.30	percent	[+]
Existing Home Sales	5510.00	4930.00	7250.00	1370.00	Thousand	[+]
Construction Spending	1.00	2.50	5.90	-4.80	percent	[+]
Housing Index	0.60	0.30	1.20	-1.70	percent	[+]
Nahb Housing Market Index	63.00	62.00	78.00	8.00		[+]
Mortgage Rate	4.44	4.40	10.56	3.47	percent	[+]
Mortgage Applications	-3.50	-5.60	49.10	-38.80	percent	[+]
Case Shiller Home Price Index	212.41	212.88	213.83	100.00	Index Points	[+]
Home Ownership Rate	64.80	64.40	69.20	62.90	percent	[+]

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 April of 2019.