Total Private Construction Spending: Total Construction in the United States
TLPRVCONS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,621,932.00
Year-over-Year Change
-5.20%
Date Range
1/1/1993 - 6/1/2025
Summary
Total Private Construction Spending tracks investment in new residential, commercial, and other private construction projects in the United States. It is a key indicator of economic activity and a driver of economic growth.
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
Total Private Construction Spending measures the total value of construction projects initiated by private entities, including single-family homes, apartment buildings, office structures, and other commercial developments. It is an important economic indicator that reflects business and consumer confidence.
Methodology
The data is collected by the U.S. Census Bureau through surveys of construction firms and project owners.
Historical Context
Policymakers and analysts monitor this metric to gauge the health of the broader economy and real estate market.
Key Facts
- Private construction spending reached a record high of $1.49 trillion in 2022.
- Residential construction accounts for over 60% of total private construction spending.
- Private construction spending has rebounded strongly since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: Total Private Construction Spending measures the total value of new construction projects initiated by private entities, including residential, commercial, and other non-governmental building.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and business/consumer confidence, as it reflects private investment in the real estate and construction sectors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through monthly surveys of construction firms and project owners.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to gauge the overall health of the economy and real estate market, which can inform decisions around interest rates, tax policy, and other economic measures.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month delay. There may be revisions to previous months' figures as more complete information becomes available.
Related Trends
Total Construction Spending: Communication in the United States
TLCMUCONS
Total Public Construction Spending: Commercial in the United States
PBCOMCONS
Total Private Construction Spending: Nonresidential in the United States
PNRESCONS
Total Construction Spending: Conservation and Development in the United States
TLCADCONS
Total Construction Spending: Transportation in the United States
TLTRANSCONS
Total Public Construction Spending: Power in the United States
PBPWRCONS
Citation
U.S. Federal Reserve, Total Private Construction Spending (TLPRVCONS), retrieved from FRED.