Total Construction Spending: Religious in the United States
This dataset tracks total construction spending: religious in the united states over time.
Latest Value
4574.00
Year-over-Year Change
16.83%
Date Range
1/1/2002 - 6/1/2025
Summary
The Total Construction Spending: Religious series measures the total value of construction put in place for religious buildings in the United States. This metric is a key indicator of investment and activity in the religious construction sector.
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 Total Construction Spending: Religious series tracks the total dollar value of all religious construction projects completed in the U.S. during a given time period. This includes new construction, additions, alterations, and repairs for buildings used primarily for religious purposes, such as churches, synagogues, temples, and other places of worship.
Methodology
The data is collected through surveys of construction companies and contractors by the U.S. Census Bureau.
Historical Context
Trends in religious construction spending provide insights into the investment and activity levels within the religious sector of the economy.
Key Facts
- Religious construction spending reached a peak of $10.7 billion in 2008.
- The sector experienced a decline during the Great Recession, falling to $6.4 billion in 2011.
- Since 2011, religious construction spending has remained below pre-recession levels.
FAQs
Q: What does this economic trend measure?
A: The Total Construction Spending: Religious series measures the total value of construction put in place for religious buildings in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in religious construction spending provide insights into investment and activity levels within the religious sector of the economy, which is an important part of the overall construction industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and contractors by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists may use this data to assess the health and investment levels within the religious sector, which can inform decisions related to economic policy, taxation, and infrastructure planning.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Total Construction Spending: Religious in the United States (TLRELCONS), retrieved from FRED.