Total New Construction for United States
M02J6AUSM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,146.00
Year-over-Year Change
100.00%
Date Range
1/1/1939 - 12/1/1946
Summary
The 'Total New Construction for United States' series measures the total value of new residential, commercial, and public construction projects started in the U.S. It is a key indicator of economic activity 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 monthly series provides a comprehensive view of new construction across the U.S. economy, including single-family homes, apartment buildings, offices, factories, and public infrastructure. It is widely used by economists, policymakers, and investors to gauge the health of the construction industry and broader economic conditions.
Methodology
The data is collected through surveys of construction firms and government agencies.
Historical Context
Changes in new construction spending are closely monitored for their implications on employment, consumer spending, and the overall trajectory of the economy.
Key Facts
- New construction accounts for about 4% of U.S. GDP.
- Single-family homes make up the largest component of new construction.
- Construction activity typically lags behind other economic indicators.
FAQs
Q: What does this economic trend measure?
A: The 'Total New Construction for United States' series measures the total value of new residential, commercial, and public construction projects started in the U.S. each month.
Q: Why is this trend relevant for users or analysts?
A: Changes in new construction spending are closely watched as an indicator of economic activity, investment, and the health of the construction industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors monitor this series to gauge the broader economic trajectory and make informed decisions.
Q: Are there update delays or limitations?
A: There can be delays in reporting new construction data, and the series may not capture all small-scale projects.
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Citation
U.S. Federal Reserve, Total New Construction for United States (M02J6AUSM398NNBR), retrieved from FRED.