Total New Construction Expenditures, Including Oil and Gas Well Drilling for United States
A0260BUSA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,681.00
Year-over-Year Change
75.16%
Date Range
1/1/1946 - 1/1/1963
Summary
This economic indicator measures the total value of new construction activity in the United States, including residential, non-residential, and oil and gas well drilling projects. It is a key barometer 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 total new construction expenditures series tracks the dollar value of all new construction put in place, as reported by the U.S. Census Bureau. It includes both private and public construction projects across the residential, non-residential, and oil/gas drilling sectors.
Methodology
The data is collected through monthly surveys of construction companies and project owners.
Historical Context
This metric is widely used by economists, policymakers, and investors to assess the health of the construction industry and broader economic conditions.
Key Facts
- Construction accounts for ~4% of U.S. GDP.
- New construction peaked at $1.3 trillion in 2006 before the Great Recession.
- Residential construction makes up ~60% of total new construction spending.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of all new construction projects, including residential, non-residential, and oil/gas well drilling, put in place across the United States.
Q: Why is this trend relevant for users or analysts?
A: New construction expenditures are a crucial barometer of economic growth, investment, and the health of the construction industry, making this metric highly relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of construction companies and project owners by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the economy, monitor infrastructure investment, and inform decisions on fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The total new construction expenditures data is released monthly with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Total New Construction Expenditures, Including Oil and Gas Well Drilling for United States (A0260BUSA398NNBR), retrieved from FRED.