Monetary Authority; Nonofficial Foreign Currencies (Swap Lines); Asset, Transactions
Annual
ROWNFCA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-237.00
Year-over-Year Change
-99.74%
Date Range
1/1/1946 - 1/1/2024
Summary
The 'Annual' economic trend measures the total value of new construction put in place in the United States over the course of a year. This metric is a key indicator of overall construction 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
The Annual construction spending trend reflects the total dollar value of new residential, non-residential, and public construction projects completed in the US over a 12-month period. It is an important measure of construction industry performance and a leading indicator of broader economic conditions.
Methodology
The data is collected through surveys of construction firms and government agencies by the US Census Bureau.
Historical Context
Policymakers and analysts closely monitor annual construction spending as it provides insights into investment, employment, and overall economic momentum.
Key Facts
- Annual construction spending reached a record high of $1.63 trillion in 2022.
- Residential construction accounts for approximately 50% of total annual spending.
- Public infrastructure projects make up around 25% of annual construction value.
FAQs
Q: What does this economic trend measure?
A: The Annual construction spending trend measures the total value of new residential, non-residential, and public construction projects completed in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Annual construction spending is a key indicator of overall economic activity and investment, providing insights into the construction industry, employment, and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and government agencies by the US Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor annual construction spending as it helps inform decisions related to infrastructure investment, housing policy, and measures of economic growth.
Q: Are there update delays or limitations?
A: The annual construction spending data is released with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (ROWNFCA027N), retrieved from FRED.