Total Private Construction Spending: Lodging in the United States
This dataset tracks total private construction spending: lodging in the united states over time.
Latest Value
22209.00
Year-over-Year Change
-6.60%
Date Range
1/1/1993 - 6/1/2025
Summary
The 'Total Private Construction Spending: Lodging' metric measures the value of new private construction projects for the lodging industry in the United States. This data point provides insight into the health and investment activity within the hospitality sector.
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 tracks the dollar value of private residential and non-residential construction spending on new hotels, motels, and other lodging facilities. It serves as an important leading indicator for economists and policymakers analyzing trends in the hospitality industry and broader commercial real estate market.
Methodology
The data is collected and reported monthly by the U.S. Census Bureau based on surveys of construction firms.
Historical Context
Monitoring lodging construction spending helps inform assessments of economic growth, consumer demand, and investment priorities.
Key Facts
- Private lodging construction spending peaked in early 2008.
- Spending declined sharply during the Great Recession but has since recovered.
- The data is published with a 1-2 month lag from the reference period.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of new private construction projects for hotels, motels, and other lodging facilities in the United States.
Q: Why is this trend relevant for users or analysts?
A: Monitoring lodging construction spending provides insights into investment activity, demand, and growth prospects within the hospitality industry and broader commercial real estate market.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Census Bureau based on surveys of construction firms.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess economic growth, consumer demand, and investment priorities within the hospitality and commercial real estate sectors.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Total Private Construction Spending: Lodging in the United States (PLODGCONS), retrieved from FRED.