Total Construction Spending: Lodging in the United States
This dataset tracks total construction spending: lodging in the united states over time.
Latest Value
23423.00
Year-over-Year Change
-4.54%
Date Range
1/1/2002 - 6/1/2025
Summary
The Total Construction Spending: Lodging trend measures the value of construction activity in the U.S. lodging sector. It is an important indicator of economic activity and investment in the hospitality industry.
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 dollar value of construction put in place for lodging facilities, including hotels, motels, and resorts. It is a key metric for evaluating the health and growth of the U.S. hospitality market.
Methodology
The data is collected and reported monthly by the U.S. Census Bureau.
Historical Context
Policymakers and industry analysts use this metric to gauge business confidence and investment trends in the travel and tourism sectors.
Key Facts
- Construction spending on lodging facilities hit a record high in 2022.
- The lodging sector accounts for around 5% of total U.S. construction activity.
- Lodging construction tends to be sensitive to economic cycles and consumer travel trends.
FAQs
Q: What does this economic trend measure?
A: The Total Construction Spending: Lodging trend measures the total dollar value of new construction and renovation projects for hotels, motels, and other lodging facilities in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into investment, growth, and confidence in the U.S. hospitality industry, which is a key driver of economic activity and employment.
Q: How is this data collected or calculated?
A: The data is collected monthly by the U.S. Census Bureau through surveys of construction firms and project owners.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor lodging construction as an indicator of business investment, consumer demand, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag and may be subject to periodic revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, Total Construction Spending: Lodging in the United States (TLLODGCONS), retrieved from FRED.