Total Construction Spending: Health Care in the United States
TLHLTHCONS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68,968.00
Year-over-Year Change
0.42%
Date Range
1/1/2002 - 6/1/2025
Summary
Total Construction Spending: Health Care measures the total value of construction put in place for health care facilities in the United States. It is a key indicator of investment and economic activity in the health care 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 dollar value of new public and private construction work done for hospitals, medical centers, nursing homes, and other health care-related buildings. It provides insight into capital investment trends and infrastructure development in the health care industry.
Methodology
The data is collected through surveys by the U.S. Census Bureau.
Historical Context
Policymakers and industry analysts monitor this metric to assess the health of the health care construction market and make informed decisions.
Key Facts
- Health care construction accounts for over 5% of total construction spending in the U.S.
- The series reached an all-time high of $49.7 billion in 2019 before declining during the COVID-19 pandemic.
- Investments in health care facilities are driven by population growth, aging infrastructure, and changing care delivery models.
FAQs
Q: What does this economic trend measure?
A: The Total Construction Spending: Health Care series measures the total value of new construction work done for hospitals, medical centers, nursing homes, and other health care facilities in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into capital investment and infrastructure development within the health care industry, which is a key sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to assess the health of the health care construction market and make informed decisions about investment, regulation, and policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Total Construction Spending: Health Care in the United States (TLHLTHCONS), retrieved from FRED.