Total Construction Spending: Nonresidential in the United States
TLNRESCONS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,241,117.00
Year-over-Year Change
-0.50%
Date Range
1/1/2002 - 6/1/2025
Summary
Total Construction Spending: Nonresidential measures the total value of nonresidential construction projects in the United States. It is a key economic indicator for gauging business and public investment.
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 represents the total dollar value of private and public nonresidential construction projects, including commercial, industrial, and infrastructure developments. It is a widely tracked metric for analyzing economic growth, business investment, and construction industry trends.
Methodology
The data is collected and reported monthly by the U.S. Census Bureau through surveys of construction firms and government agencies.
Historical Context
Nonresidential construction spending is closely monitored by policymakers, economists, and market analysts to assess the health of the broader economy.
Key Facts
- Nonresidential construction accounts for approximately 50% of total U.S. construction spending.
- The series reached an all-time high of $845 billion in January 2022.
- Commercial projects make up the largest share of nonresidential construction, at around 50%.
FAQs
Q: What does this economic trend measure?
A: The Total Construction Spending: Nonresidential series measures the total value of private and public nonresidential construction projects in the United States, including commercial, industrial, and infrastructure developments.
Q: Why is this trend relevant for users or analysts?
A: Nonresidential construction spending is a key economic indicator that provides insights into business investment, economic growth, and the health of the construction industry.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Census Bureau through surveys of construction firms and government agencies.
Q: How is this trend used in economic policy?
A: Nonresidential construction spending is closely monitored by policymakers, economists, and market analysts to assess the overall state of the economy and guide decision-making.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical release lag of around 1-2 months.
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Citation
U.S. Federal Reserve, Total Construction Spending: Nonresidential in the United States (TLNRESCONS), retrieved from FRED.