United States Construction Spending  Forecast 2016-2020

Construction Spending in the United States is expected to be 0.80 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 1.90 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.

United States Construction Spending
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Forecast Actual Q1/17 Q2/17 Q3/17 Q4/17 2020 Unit
Construction Spending -1 0.8 0.9 2 1.9 0.4 percent
United States Construction Spending Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of United States Construction Spending using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - United States Construction Spending - was last predicted on Wednesday, March 22, 2017.
United States Housing Last Q1/17 Q2/17 Q3/17 Q4/17 2020
Building Permits 1213 1152 1178 1150 1141 1315
Housing Starts 1288 1210 1230 1190 1160 1280
New Home Sales 555 520 510 530 570 590
Pending Home Sales 0.4 0.59 0.46 0.48 0.48 0.48
Existing Home Sales 5480 5000 4800 5000 5300 5000
Construction Spending -1 0.8 0.9 2 1.9 0.4
Housing Index 0 0.2 0.3 0.3 0.3 0.36
Nahb Housing Market Index 71 65 59 58 56 53
Mortgage Rate 4.46 4.46 4.46 4.46 4.46 6.5
Mortgage Applications -2.7 -0.02 0.47 0.47 0.47 0.47
Home Ownership Rate 63.7 63.42 63.15 63.47 63.58 63.45
Case Shiller Home Price Index 193 195 193 194 194 211