Construction spending in the US declined 0.3 percent from the previous month to a seasonally adjusted annual rate of USD 1.545 trillion in May 2021, following a downwardly revised 0.1 percent growth in April and missing market expectations of a 0.4 percent advance. Spending on private construction dropped 0.3 percent (vs 0.3 percent in April), due to spending on lodging (-3.0 percent vs 0.6 percent), manufacturing (-2.7 percent vs -0.3 percent), and commercial (-0.7 percent vs 0.4 percent). Meanwhile, public construction outlays were down 0.2 percent (vs -0.6 percent in April), led by a 1.9 percent drop in educational spending. source: U.S. Census Bureau

Construction Spending in the United States averaged 0.45 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 July 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. Looking forward, we estimate Construction Spending in the United States to stand at 0.80 in 12 months time. In the long-term, the United States Construction Spending is projected to trend around 0.40 percent in 2022, according to our econometric models.

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United States Construction Spending

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 0.10 5.90 -4.80 1964 - 2021 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-01 02:00 PM Feb -0.8% 1.2% -1% -0.6%
2021-05-03 02:00 PM Mar 0.2% -0.6% 1.9% 1.9%
2021-06-01 02:00 PM Apr 0.2% 1% 0.5% 0.6%
2021-07-01 02:00 PM May -0.3% 0.1% 0.4% 0.6%
2021-08-02 02:00 PM Jun -0.3% 0.4%
2021-09-01 02:00 PM Jul
2021-10-01 02:00 PM Aug
2021-11-01 02:00 PM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
US Construction Spending Unexpectedly Falls
Construction spending in the US declined 0.3 percent from the previous month to a seasonally adjusted annual rate of USD 1.545 trillion in May 2021, following a downwardly revised 0.1 percent growth in April and missing market expectations of a 0.4 percent advance. Spending on private construction dropped 0.3 percent (vs 0.3 percent in April), due to spending on lodging (-3.0 percent vs 0.6 percent), manufacturing (-2.7 percent vs -0.3 percent), and commercial (-0.7 percent vs 0.4 percent). Meanwhile, public construction outlays were down 0.2 percent (vs -0.6 percent in April), led by a 1.9 percent drop in educational spending.
2021-07-01
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 1.52 trillion in April of 2021, following an upwardly revised 1 percent increase in March and slightly below market expectations of a 0.5 percent gain. Spending on private construction rose 0.4 percent, down from a 1.5 percent increase in March, amid a slowdown in residential spending (1 percent vs 2.6 percent). On the other hand, outlays on nonresidential construction like gas and oil well drilling dropped 0.5 percent, mostly transportation (-5.4 percent). Also, public construction outlays decreased 0.6 percent (vs -1 percent).
2021-06-01
US Construction Spending Rebounds Less than Expected
Construction spending in the US increased 0.2 percent from the previous month to a seasonally adjusted annual rate of USD 1.51 trillion in March of 2021, following a downwardly revised 0.6 percent decrease in February and well below market expectations of a 1.9 percent gain. Spending on private construction rose 0.7 percent (vs -0.3 percent in February), as spending on residential picked up (1.7 percent vs 0.1 percent), in particular investment in single-family homebuilding. Meanwhile, outlays on nonresidential construction like gas and oil well drilling dropped 0.9 percent. Also, public construction outlays declined 1.5 percent (vs -1.6 percent), mainly due to highway and street (-2.2 percent vs -0.9 percent) and education (-2 percent vs -2.5 percent).
2021-05-03
US Construction Spending Falls Less than Expected
Construction spending in the US decreased 0.8 percent from the previous month to a seasonally adjusted annual rate of USD 1.52 trillion in February of 2021, following a downwardly revised 1.2 percent rise in January and compared to market expectations of a 1 percent fall. Spending on private construction went down 0.5 percent, dragged down by spending on residential (-0.2 percent); power (-0.4 percent); health care (-4.4 percent) and office (-0.5 percent). Also, public construction outlays declined 1.7 percent, mainly due to highway and street (-0.6 percent) and education (-3.2 percent).
2021-04-01

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.