Total Private Construction Spending: Total Construction in the United States
This dataset tracks total private construction spending: total construction in the united states over time.
Latest Value
1621932.00
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 News
U.S. Economy Weak in August, Retail Sales Show Potential Resilience
Resilient Retail: Analyzing August’s Economic Trends in U.S. Retail Sales Recent trends in U.S. retail sales offer an intriguing glimpse into economic resilience amidst the challenges of August. The retail sector demonstrated its strength, even as broader economic indicators painted a less optimistic picture. In August, consumer spending and the retail sector were noteworthy, providing insights into economic resilience and offering a beacon of optimism. This anomaly invites a closer look into c
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Total Private Construction Spending (TLPRVCONS), retrieved from FRED.