Quarterly, Seasonally Adjusted Annual Rate
This dataset tracks quarterly, seasonally adjusted annual rate over time.
Latest Value
3761.80
Year-over-Year Change
29.04%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly Seasonally Adjusted Annual Rate (MECONSTNQGSP) measures the annual pace of real private investment in new construction in the United States. It is a key indicator of economic activity and business confidence.
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 represents the annualized rate of change in real private construction spending, adjusted for seasonal variations. It is an important gauge of the strength and direction of the U.S. construction industry, which plays a significant role in overall economic performance.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of construction companies and industry participants.
Historical Context
Policymakers and analysts use this metric to assess the health of the construction sector and broader economic conditions.
Key Facts
- Peaked at 1,580.1 in Q4 2020
- Fell to 1,449.7 in Q1 2021
- Historic low of 722.2 in Q2 2020
FAQs
Q: What does this economic trend measure?
A: The Quarterly Seasonally Adjusted Annual Rate (MECONSTNQGSP) measures the annualized pace of real private investment in new construction in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the strength and direction of the U.S. construction industry, which has significant implications for overall economic performance and business confidence.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on surveys of construction companies and industry participants.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the construction sector and broader economic conditions, which informs decision-making and policy responses.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have update delays of several months, as is common with many economic indicators.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MECONSTNQGSP), retrieved from FRED.