Construction spending in the US rose 1.7 percent from the previous month to a seasonally adjusted annual rate of USD 1.52 trillion in January 2021, an all-time high, following an upwardly revised 1.1 percent growth in December and easily beating market expectations of 0.8 percent. Spending on private construction advanced 1.7 percent (vs 1.5 percent in December), lifted by spending on residential (2.5 percent vs 3.8 percent), lodging (0.7 percent vs -7.8 percent), transportation (1.0 percent vs 2.4 percent), and manufacturing (4.9 percent vs -6.1 percent). In addition, public construction outlays increased 1.7 percent (vs 0.1 percent in December), mainly boosted by a 5.8 percent jump in highways, streets spending. source: U.S. Census Bureau
Construction Spending in the United States averaged 0.45 percent from 1964 until 2021, reaching an all time high of 5.90 percent in April of 1978 and a record low of -4.80 percent in February of 1975. This page provides the latest reported value for - United States Construction Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Construction Spending - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Construction Spending in the United States is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Spending in the United States to stand at 0.60 in 12 months time. In the long-term, the United States Construction Spending is projected to trend around 0.40 percent in 2022, according to our econometric models.