Construction spending in the US fell by 0.1 percent from the previous month to a seasonally adjusted annual rate of USD 1.78 trillion in May of 2022, compared to the upwardly revised 0.8 percent gain in April and market expectations of a 0.4 percent rise. Spending on public construction fell by 0.8 percent from the previous month, dragged by lower outlays for both residential (-0.7 percent) and nonresidential (-0.8 percent) construction. At the same time, private construction was virtually unchanged, as higher spending in residential (0.2 percent) and manufacturing (1.2 percent) construction offset decreases in highways (-2.3 percent) and healthcare (-1.8 percent) construction. source: U.S. Census Bureau

Construction Spending in the United States averaged 0.47 percent from 1964 until 2022, 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 2022.

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 2023 and 0.40 percent in 2024, according to our econometric models.

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United States Construction Spending



Calendar GMT Actual Previous Consensus TEForecast
2022-06-01 02:00 PM Apr 0.2% 0.3% 0.5% -0.1%
2022-07-01 02:00 PM May -0.1% 0.8% 0.4% 0.1%
2022-08-01 02:00 PM Jun


Related Last Previous Unit Reference
Building Permits 1695.00 1823.00 Thousand May 2022
Housing Starts 1549.00 1810.00 Thousand units May 2022
New Home Sales 696.00 629.00 Thousand units May 2022
Construction Spending -0.10 0.80 percent May 2022
Home Ownership Rate 65.40 65.50 percent Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.80 5.90 -4.80 1964 - 2022 percent Monthly
Current Prices, SA

News Stream
US Construction Spending Unexpectedly Falls
Construction spending in the US fell by 0.1 percent from the previous month to a seasonally adjusted annual rate of USD 1.78 trillion in May of 2022, compared to the upwardly revised 0.8 percent gain in April and market expectations of a 0.4 percent rise. Spending on public construction fell by 0.8 percent from the previous month, dragged by lower outlays for both residential (-0.7 percent) and nonresidential (-0.8 percent) construction. At the same time, private construction was virtually unchanged, as higher spending in residential (0.2 percent) and manufacturing (1.2 percent) construction offset decreases in highways (-2.3 percent) and healthcare (-1.8 percent) construction.
2022-07-01
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 1.745 trillion in April of 2022, easing from an upwardly revised 0.3 percent gain in March and missing market expectations of a 0.5 percent advance. Spending on private construction rose 0.5 percent, mainly due to higher expenditure for new single family residential construction (0.5 percent) and manufacturing (1.6 percent) and office infrastructure (0.1 percent) while spending fell for power (-1.5 percent) and commercial construction (-0.2 percent). On the other hand, public construction outlays fell 0.7 percent from the previous month, dragged down by lower spending for both non-residential (-0.7 percent) and residential (-1.2 percent) construction.
2022-06-01
US Construction Spending Misses Forecasts
Construction spending in the US increased by 0.1 percent from the previous month to a seasonally adjusted annual rate of USD 1.731 trillion in March of 2022, slowing from a 0.5 percent advance in February and missing market expectations of a 0.7 percent gain. Spending on private construction rose 0.2 percent, mainly due to higher expenditure for new single family residential construction (1.3 percent) and communication infrastructure (0.1 percent), while spending fell for commercial construction (-1.9 percent). On the other hand, public construction outlays fell 0.2 percent from the previous month, dragged down by lower spending for non-residential construction (-0.3 percent).
2022-05-02