Total Private Construction Spending: Nonresidential in the United States
This dataset tracks total private construction spending: nonresidential in the united states over time.
Latest Value
738844.00
Year-over-Year Change
-3.99%
Date Range
1/1/1993 - 6/1/2025
Summary
The Total Private Construction Spending: Nonresidential measure tracks investment in nonresidential construction projects in the United States. It is a key indicator of business activity and economic growth.
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 total dollar value of private nonresidential construction projects, including commercial, industrial, and institutional buildings. It is a widely-watched metric for evaluating the health of the construction industry and broader economy.
Methodology
The data is collected and reported monthly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to gauge private sector investment and assess economic conditions.
Key Facts
- Nonresidential construction accounts for over 50% of total private construction spending.
- The series reached an all-time high of $522 billion in January 2022.
- Private nonresidential construction has seen volatility during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of private nonresidential construction projects in the United States, including commercial, industrial, and institutional buildings.
Q: Why is this trend relevant for users or analysts?
A: Nonresidential construction spending is a key indicator of business investment and overall economic conditions. It provides insights into the health of the construction industry and broader economy.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge private sector investment and assess the strength of the economy. It informs decision-making around fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. There may be revisions to previous months' figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Total Private Construction Spending: Nonresidential in the United States (PNRESCONS), retrieved from FRED.