Construction spending in the US went up 0.3 percent from the previous month to a seasonally adjusted annual rate of USD 1.569 trillion in July of 2021 after showing no growth in June and above market expectations of a 0.2 percent gain. Spending on private construction increased 0.3 percent and public construction outlays rose 0.7 percent, led by increases in Power (2.3 percent), highway and street (1.9 percent) and commercial (1.7 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 September 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 0.40 percent in 2022, according to our econometric models.