Total Private Construction Spending: Religious in the United States
PRRELCONS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,574.00
Year-over-Year Change
16.83%
Date Range
1/1/1993 - 6/1/2025
Summary
This economic indicator measures the value of private construction spending on religious buildings in the United States. It provides insight into investment and activity in the religious construction 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
The Total Private Construction Spending: Religious indicator tracks the dollar value of construction put in place for private religious buildings, including churches, temples, and other places of worship. This metric is used by economists and policymakers to assess trends in private investment and construction activity within the religious sector.
Methodology
The data is collected through surveys of construction firms and project owners by the U.S. Census Bureau.
Historical Context
This indicator offers insight into capital investment and activity within the religious construction industry, which can have implications for the broader economy.
Key Facts
- Religious construction accounts for around 1% of total private construction spending.
- Private religious construction spending peaked in 2008 at over $10 billion.
- The religious construction sector was hit hard by the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the value of private construction spending on religious buildings in the United States, including churches, temples, and other places of worship.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into investment and activity within the religious construction sector, which can have implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and project owners by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess trends in private investment and construction activity within the religious sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Total Private Construction Spending: Religious in the United States (PRRELCONS), retrieved from FRED.