Nonfarm Building Construction (Constant Dollars) for United States
A0296CUSA382NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,846.00
Year-over-Year Change
32.40%
Date Range
1/1/1946 - 1/1/1963
Summary
The Nonfarm Building Construction (Constant Dollars) for United States measures the volume of construction activity in the private nonfarm building sector, adjusted for inflation. 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
This series tracks the real value of construction work put in place for private, nonresidential buildings in the United States. It is an important metric for analyzing trends in commercial, industrial, and institutional building activity, which reflects broader economic conditions and business investment.
Methodology
The data is collected through surveys of construction companies and project owners by the U.S. Census Bureau.
Historical Context
This indicator is closely monitored by policymakers, economists, and market analysts to assess the health of the construction industry and broader economy.
Key Facts
- Construction accounts for over 4% of U.S. GDP.
- Nonfarm building construction peaked in 2007 before the Great Recession.
- The series is adjusted for inflation to show real, volume-based trends.
FAQs
Q: What does this economic trend measure?
A: The Nonfarm Building Construction (Constant Dollars) series measures the real value of construction work put in place for private, nonresidential buildings in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator is an important metric for analyzing the health of the construction industry and broader economic conditions, as it reflects trends in commercial, industrial, and institutional building activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and project owners by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers, economists, and market analysts to assess the state of the construction industry and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The Nonfarm Building Construction (Constant Dollars) data is published monthly by the U.S. Census Bureau, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Nonfarm Building Construction (Constant Dollars) for United States (A0296CUSA382NNBR), retrieved from FRED.