Total Construction Spending: Commercial in the United States
This dataset tracks total construction spending: commercial in the united states over time.
Latest Value
119635.00
Year-over-Year Change
-9.40%
Date Range
1/1/2002 - 6/1/2025
Summary
Total Construction Spending: Commercial measures the total value of construction projects for commercial buildings in the United States. It is a key indicator of economic activity and investment in the commercial real estate 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 total value of construction put in place for commercial buildings, which includes office, retail, warehouse, and other nonresidential structures. It is a widely-watched metric for assessing the health and trajectory of the commercial real estate market.
Methodology
The data is collected through surveys of construction firms and property owners by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this indicator to gauge business confidence and make informed decisions about economic and real estate policy.
Key Facts
- Commercial construction spending reached a peak of $503 billion in 2022.
- The commercial sector accounts for over 50% of total construction spending in the U.S.
- Commercial construction is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: Total Construction Spending: Commercial measures the total value of new construction projects for commercial buildings in the United States, including office, retail, warehouse, and other nonresidential structures.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by policymakers, investors, and economists as a gauge of business confidence and a leading signal of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of construction firms and property owners by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in commercial construction spending are used by policymakers and analysts to inform decisions about economic, real estate, and infrastructure policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the Census Bureau with a typical 1-2 month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Total Construction Spending: Commercial in the United States (TLCOMCONS), retrieved from FRED.