Net Total Construction, Including Oil and Gas Well Drilling for United States
A02207USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,526.00
Year-over-Year Change
-1785.22%
Date Range
1/1/1889 - 1/1/1955
Summary
This economic trend measures the value of construction activity in the United States, including private and public investments in residential, non-residential, and oil/gas well drilling projects. It serves as a key indicator of economic growth and investment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Net Total Construction indicator provides a comprehensive view of construction activity, which is a major component of GDP and a significant driver of employment and investment. It encompasses a wide range of construction projects, including homes, commercial buildings, infrastructure, and oil/gas well development.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of construction firms and government agencies.
Historical Context
This metric is closely monitored by policymakers, economists, and market analysts to gauge the health of the broader economy.
Key Facts
- Construction accounts for over 4% of U.S. GDP.
- Residential construction makes up around 40% of total construction spending.
- The construction industry employs over 7 million workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of construction activity in the United States, including private and public investments in residential, non-residential, and oil/gas well drilling projects.
Q: Why is this trend relevant for users or analysts?
A: Construction is a major component of GDP and a significant driver of economic growth, employment, and investment. This metric provides valuable insights into the overall health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of construction firms and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this metric to gauge the strength of the broader economy and inform decisions related to monetary policy, fiscal policy, and investment strategies.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau, with a typical release lag of around 1-2 months. There may be revisions to previous months' data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Net Total Construction, Including Oil and Gas Well Drilling for United States (A02207USA398NNBR), retrieved from FRED.