Total Private Construction Spending: Health Care in the United States
This dataset tracks total private construction spending: health care in the united states over time.
Latest Value
52925.00
Year-over-Year Change
-2.80%
Date Range
1/1/1993 - 6/1/2025
Summary
Total Private Construction Spending: Health Care measures investment in new construction projects and improvements to existing healthcare facilities in the United States. This key economic indicator provides insight into the overall health of the healthcare sector and capital expenditures.
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 total dollar value of private construction spending on healthcare facilities, including hospitals, medical office buildings, and other outpatient care centers. It is a leading indicator of economic activity and investment trends in the healthcare industry.
Methodology
The data is collected by the U.S. Census Bureau through surveys of construction companies and building owners.
Historical Context
Policymakers and analysts use this metric to assess the state of the healthcare infrastructure and investment climate.
Key Facts
- Healthcare construction accounts for over 15% of total private construction spending.
- Spending on healthcare facilities has grown by over 50% in the past decade.
- The COVID-19 pandemic led to a temporary decline in healthcare construction investment.
FAQs
Q: What does this economic trend measure?
A: The Total Private Construction Spending: Health Care series measures investment in new construction and improvements to existing healthcare facilities in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health of the healthcare sector and capital expenditures, which is useful for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of construction companies and building owners.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the healthcare infrastructure and investment climate, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Census Bureau, but may have a lag of several weeks before publication.
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Citation
U.S. Federal Reserve, Total Private Construction Spending: Health Care in the United States (PRHLTHCONS), retrieved from FRED.