United States Construction Spending  1964-2017 | Data | Chart | Calendar

Construction spending in the US fell unexpectedly by 1 percent to $1.18 trillion in January 2017 compared with an upwardly revised 0.1 percent gain in December and way below market expectations of a 0.6 percent increase. Public construction spending tumbled 5 percent, the largest drop since March 2002, with outlays on state and local government construction projects falling by 4.8 percent, and federal government construction spending plummeting by 7.4 percent. Meanwhile, spending on private construction projects rose by 0.2 percent, the fourth straight month of gains, as residential construction spending increased by 0.5 percent to the highest level since August 2007. Construction Spending in the United States averaged 0.45 percent from 1964 until 2017, 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.

United States Construction Spending
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-03 03:00 PM Nov 0.9% 0.6% 0.6% 0.4%
2017-02-01 03:00 PM Dec -0.2% 0.9% 0.2% 0.3%
2017-03-01 03:00 PM Jan -1% 0.1% 0.6% 0.4%
2017-04-03 02:00 PM Feb -1% 0.5%
2017-05-01 02:00 PM Mar 0.8%
2017-06-01 02:00 PM Apr 0.6%




United States Housing Last Previous Highest Lowest Unit
Building Permits 1216.00 1293.00 2419.00 513.00 Thousand [+]
Housing Starts 1288.00 1251.00 2494.00 478.00 Thousand [+]
New Home Sales 592.00 558.00 1389.00 270.00 Thousand [+]
Pending Home Sales 0.40 -0.10 30.90 -24.30 percent [+]
Existing Home Sales 5480.00 5690.00 7250.00 1370.00 Thousand [+]
Construction Spending -1.00 0.10 5.90 -4.80 percent [+]
Housing Index 0.00 0.40 1.20 -1.70 percent [+]
Nahb Housing Market Index 71.00 65.00 78.00 8.00 [+]
Mortgage Rate 4.46 4.46 10.56 3.47 percent [+]
Mortgage Applications -2.70 3.10 49.10 -38.80 percent [+]
Home Ownership Rate 63.70 63.50 69.20 62.90 percent [+]
Case Shiller Home Price Index 192.61 192.00 206.52 100.00 Index Points [+]



United States Construction Spending Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 0.10 5.90 -4.80 1964 - 2017 percent Monthly
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