Millions of Dollars, Not Seasonally Adjusted
This dataset tracks millions of dollars, not seasonally adjusted over time.
Latest Value
144531.00
Year-over-Year Change
-5.46%
Date Range
1/1/1993 - 6/1/2025
Summary
This economic trend measures total private construction spending in the United States, which is an important indicator of economic activity and 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
The Millions of Dollars, Not Seasonally Adjusted series tracks the total value of construction projects undertaken by private entities, including residential, commercial, and industrial construction. It provides insight into the health and direction of the broader construction industry.
Methodology
The data is collected through surveys of construction companies and developers by the U.S. Census Bureau.
Historical Context
This metric is closely monitored by economists, policymakers, and market analysts to assess the strength of the private sector and overall economic conditions.
Key Facts
- Private construction spending reached a high of $1.37 trillion in 2022.
- The series has shown steady growth since the Great Recession, reflecting a recovery in the construction industry.
- Residential construction accounts for the largest share of private construction spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of construction projects undertaken by private entities in the United States, including residential, commercial, and industrial construction.
Q: Why is this trend relevant for users or analysts?
A: Private construction spending is an important indicator of economic activity, investment, and the health of the broader construction industry, making it a closely monitored metric by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the strength of the private sector and overall economic conditions, which can inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with a typical delay of around one month between the end of the reference period and the publication of the data.
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Citation
U.S. Federal Reserve, Millions of Dollars, Not Seasonally Adjusted (TLPRVCON), retrieved from FRED.