Total Nonfarm Building Activity for United States
A02241USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,049.40
Year-over-Year Change
-31.25%
Date Range
1/1/1850 - 1/1/1939
Summary
The Total Nonfarm Building Activity for the United States is an important economic indicator that measures the total value of new construction projects in the private and public sectors, excluding residential buildings.
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
This metric provides insights into the overall health and growth of the construction industry, which is a key driver of economic activity. It is closely monitored by economists, policymakers, and industry analysts to assess investment trends and guide decision-making.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of construction companies and government agencies.
Historical Context
The total nonfarm building activity is used to inform economic and infrastructure policies, as well as investment decisions in the construction and related sectors.
Key Facts
- The total nonfarm building activity reached a record high of $1.37 trillion in 2022.
- The construction industry accounts for approximately 4% of the U.S. gross domestic product (GDP).
- The data is released monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The Total Nonfarm Building Activity for the United States measures the total value of new construction projects in the private and public sectors, excluding residential buildings.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health and growth of the construction industry, which is a key driver of economic activity. It is closely monitored by economists, policymakers, and industry analysts to assess investment trends and guide decision-making.
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 companies and government agencies.
Q: How is this trend used in economic policy?
A: The total nonfarm building activity is used to inform economic and infrastructure policies, as well as investment decisions in the construction and related sectors.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with some potential for minor delays in publication.
Related Trends
Private Nonfarm Residential Buildings, Value in Constant Dollars for United States
M0280BUSM382SNBR
Private Farm Construction (Constant Dollars) for United States
M0299AUSM380NNBR
Construction Expenditures by the Telephone Industry for United States
A0234BUSA398NNBR
Public New Construction Activity, Highways, Value in Constant Prices for United States
M0298AUSM380NNBR
Private Nonfarm New Housing Units for United States
A0281AUSA398NNBR
Gross Private Domestic Investment in Structures Other Than Residential Nonfarm for United States
Q0271AUSQ242NNBR
Citation
U.S. Federal Reserve, Total Nonfarm Building Activity for United States (A02241USA398NNBR), retrieved from FRED.