Private Construction for United States
M0268AUSM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
950.00
Year-over-Year Change
105.18%
Date Range
1/1/1939 - 12/1/1946
Summary
The Private Construction for United States trend measures the total value of new private construction projects, including residential and nonresidential buildings. It is an important economic indicator for assessing the health and growth of 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 metric tracks the dollar value of all new private construction projects in the United States, covering both residential and nonresidential building. It is a key barometer of economic activity and a leading indicator for broader trends in real estate, business investment, and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of construction firms and building permits.
Historical Context
Private construction activity is closely monitored by policymakers, economists, and market analysts to gauge the momentum of the broader economy.
Key Facts
- Private construction spending accounts for over 60% of total construction activity in the U.S.
- Residential projects make up around 70% of private construction value.
- Private construction is a major driver of economic growth and employment.
FAQs
Q: What does this economic trend measure?
A: The Private Construction for United States trend measures the total dollar value of new private construction projects, including both residential and nonresidential buildings.
Q: Why is this trend relevant for users or analysts?
A: Private construction activity is a critical indicator of economic health and investment, providing insights into real estate, business expansion, and consumer confidence.
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 building permits.
Q: How is this trend used in economic policy?
A: Private construction is closely monitored by policymakers, economists, and market analysts to gauge the momentum of the broader economy and inform decision-making.
Q: Are there update delays or limitations?
A: The Private Construction data is published monthly by the Census Bureau with a typical 1-2 month reporting lag.
Related Trends
Manufacturers' Shipments of Construction Materials, Supplies and Intermediate Products for United States
M02237USM144NNBR
Private Public Utility Construction for United States
M0291BUSM398SNBR
Rail Consumption for United States
A02084USA576NNBR
Value of Plans for New Buildings, Manhattan for New York, NY
M0245BUS35620M398NNBR
Estimated Production of Nonfarm Residential Housekeeping Units for United States
A02238USA496NNBR
Total Value of New Buildings Erected for Ohio
A02284US000OHA550NNBR
Citation
U.S. Federal Reserve, Private Construction for United States (M0268AUSM398NNBR), retrieved from FRED.