Total Construction Spending: Residential in the United States
This dataset tracks total construction spending: residential in the united states over time.
Latest Value
895093.00
Year-over-Year Change
-6.03%
Date Range
1/1/2002 - 6/1/2025
Summary
Total Construction Spending: Residential measures the total value of construction projects for private residential buildings in the United States. It is a key indicator of economic activity and housing market trends.
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 tracks the total dollar value of residential construction projects, including new single-family homes, multifamily structures, and improvements to existing homes. It is a vital metric for assessing the health of the housing sector and broader economy.
Methodology
The data is collected through surveys of construction firms and reported monthly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor residential construction spending to gauge consumer demand, builder confidence, and the direction of the real estate market.
Key Facts
- Residential construction accounts for over 3% of U.S. GDP.
- New home sales are a leading indicator of broader economic health.
- Mortgage rates and lending standards significantly impact residential investment.
FAQs
Q: What does this economic trend measure?
A: Total Construction Spending: Residential measures the total value of private residential construction projects in the United States, including new single-family homes, multifamily structures, and home improvements.
Q: Why is this trend relevant for users or analysts?
A: Residential construction spending is a crucial indicator of housing market conditions, consumer demand, and broader economic activity. It is closely watched by policymakers, economists, and investors to assess the strength of the real estate sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of construction firms and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Residential construction spending is a key input for policymakers at the Federal Reserve and other institutions when evaluating the health of the housing market and broader economy. It informs decisions on monetary policy, housing finance, and other economic interventions.
Q: Are there update delays or limitations?
A: The Total Construction Spending: Residential data is reported monthly with a lag of approximately two months. There may also be revisions to previously reported figures as more complete information becomes available.
Related News
U.S. Job Growth Slowdown Affects Unemployment Rate
The Impact of Weak Job Growth on the US Unemployment Rate The unemployment rate has always been a vital gauge to understand the United States' economic health. Recent times have brought this indicator into sharper focus, especially as weak job growth continues to challenge the nation’s economy. The pressures of a sluggish labor market may lead to more significant economic consequences, impacting not just the workforce but the broader fiscal landscape. Weak job growth, leading to an increased un
Unpredictability of Interest Rate Direction in the United States
Navigating the Unpredictability of Interest Rates Interest rates have turned into one of the most unpredictable elements in the American financial landscape. This unpredictability stems largely from the nuanced decisions of the Federal Reserve, often referred to as the Fed, whose policies ripple through financial markets, influencing borrowing costs for everyone from ambitious entrepreneurs to families securing mortgages. The web of economic indicators, which serves as the backbone for interest
Impact of U.S. Treasury Yields Rise After Fed Rate Cut
The Impact of a Treasury Yield Rise on the U.S. Economy After a Fed Rate Cut The current rise in the 10-year Treasury bond rate has caught the attention of economists, investors, and policymakers alike. Treasury yields, particularly the 10-year Treasury bond rate, act as a key indicator of the economic outlook in the United States. They affect interest rates, the bond market, and expectations for inflation. Understanding their fluctuations can offer insight into financial markets and help guide
Federal Reserve reduces U.S. interest rates, plans further cuts in 2025
Federal Reserve's Strategic Interest Rate Cut in Focus The Federal Reserve's strategic interest rate cut is a significant move in today's economic climate. As the central banking system of the United States, the Federal Reserve plays a crucial role in setting monetary policy to influence the nation's economy. An interest rate cut defines the decision to lower the cost of borrowing, typically aimed at stimulating economic growth. This latest decision could have considerable effects on the U.S. e
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
S&P 500 Target Increases Amid Ongoing AI Growth in the US
AI Growth Drives S&P 500 Target Increases AI technology is playing a significant role in propelling S&P 500 target increases, reshaping the United States stock exchange. As Wall Street analysts tune their investment strategies in response to these changes, the S&P 500's rise serves as a mirror reflecting wider economic trends. The increasing targets have brought a new focus to stock market predictions and AI investment, altering the ways both investors and analysts approach the financial landsc
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 Construction Spending: Residential in the United States (TLRESCONS), retrieved from FRED.