Annual, Not Seasonally Adjusted
This dataset tracks annual, not seasonally adjusted over time.
Latest Value
119.63
Year-over-Year Change
66.40%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the total value of new construction put in place in the United States on an annual basis without seasonal adjustments. This metric provides insights into the overall health and trajectory 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
The 'Annual, Not Seasonally Adjusted' construction spending series tracks the total dollar value of all new construction activity in the U.S., including both private and public projects. This data is widely used by economists, policymakers, and industry analysts to assess the strength of the construction sector and broader economic conditions.
Methodology
The data is collected through surveys of construction firms and government agencies by the U.S. Census Bureau.
Historical Context
This construction spending metric is a key indicator monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Construction spending accounts for over 4% of U.S. GDP.
- Residential construction makes up about 60% of total spending.
- Annual construction spending reached a record high of $1.5 trillion in 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the total dollar value of new construction projects, both residential and non-residential, completed in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This construction spending data provides important insights into the health of the construction industry and broader economic conditions, as it is a key indicator of investment, employment, and overall economic activity.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of construction firms and government agencies involved in new construction projects.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor construction spending trends to assess the state of the economy and inform decisions on monetary policy, infrastructure investment, and other economic interventions.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' construction spending data is published monthly with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCCONSTQGSP), retrieved from FRED.