Total Construction Spending: Highway and Street in the United States
This dataset tracks total construction spending: highway and street in the united states over time.
Latest Value
144989.00
Year-over-Year Change
3.99%
Date Range
1/1/2002 - 6/1/2025
Summary
The 'Total Construction Spending: Highway and Street in the United States' tracks the total value of construction projects for highways and streets in the U.S. This metric is a key indicator of infrastructure investment and economic activity.
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 measures the total dollar value of all construction projects for highways and streets within the United States. It is a crucial indicator for economists and policymakers to assess the health of the infrastructure sector and overall economic conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of construction firms and contractors.
Historical Context
Trends in highway and street construction spending provide insights into government infrastructure policies and private sector investment.
Key Facts
- Construction spending on highways and streets in the U.S. totaled $105.9 billion in 2021.
- Highway and street construction accounts for approximately 30% of total construction spending in the U.S.
- The COVID-19 pandemic caused a temporary dip in highway and street construction in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all construction projects for highways and streets within the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in highway and street construction spending provide insights into government infrastructure policies and private sector investment, which are crucial indicators of economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of construction firms and contractors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of the infrastructure sector and overall economic conditions, which can inform decisions about infrastructure investment and policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Total Construction Spending: Highway and Street in the United States (TLHWYCONS), retrieved from FRED.