Construction spending in the US increased 0.6 percent from a month earlier at a seasonally adjusted USD 1.32 trillion in November 2019, following a revised 0.1 percent gain in the previous month and beating market expectations of 0.3 percent. Spending on public construction climbed 0.9 percent, accelerating from a 0.1 percent gain in October and investment in private construction rose 0.4 percent, after edging up 0.1 percent. Year-on-year, construction spending climbed 4.1 percent.
Construction Spending in the United States averaged 0.44 percent from 1964 until 2019, 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.
Construction Spending in the United States is expected to be -0.50 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 0.40 in 12 months time. In the long-term, the United States Construction Spending is projected to trend around 0.40 percent in 2020, according to our econometric models.