Total building Contracts, Engineering News-Record for United States
M02003USM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
201.70
Year-over-Year Change
-6.13%
Date Range
1/1/1913 - 12/1/1962
Summary
The 'Total Building Contracts, Engineering News-Record for United States' tracks monthly changes in the total value of new construction contracts in the U.S. This metric is a leading economic indicator that helps predict future activity in the construction industry.
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 data series measures the total dollar value of new construction projects, including residential, non-residential, and engineering contracts, as compiled by the Engineering News-Record. It provides insight into the overall health and forward momentum of the construction sector, which is a vital component of the U.S. economy.
Methodology
The data is collected through a survey of leading construction firms and projects across the country.
Historical Context
Economists and policymakers monitor this series to assess the near-term outlook for the construction industry and make informed decisions about economic and infrastructure policy.
Key Facts
- The series dates back to 1946.
- Construction is a key driver of economic growth.
- The data is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of new construction projects, including residential, non-residential, and engineering contracts, in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a leading indicator of future activity in the construction industry, which is a vital component of the U.S. economy. Economists and policymakers monitor this series to assess the near-term outlook for construction and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of leading construction firms and projects across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of the construction industry and inform decisions about economic and infrastructure policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, Total Building Contracts, Engineering News-Record for United States (M02003USM398NNBR), retrieved from FRED.